Jun. 20 at 6:05 PM
$ETOR $CHYM $CRCL Why Circle Internet Group Is Still a Buy After 6x Rally
Despite surging over 540% since its June 5 IPO, Circle Internet remains a “buy,” says Seaport’s Jeff Cantwell, setting a
$235 price target (18% above recent close). The stock jumped another 19% Friday after a U.S. Senate vote supporting stablecoin regulation.
Cantwell sees stablecoin market cap doubling to $ 500B by end of 2026, potentially hitting $ 2T long-term. He projects 25–30% annual revenue growth for Circle, driven by its Circle Payments Network (CPN), which targets real-time cross-border payments and remittances.
CRCL has outperformed fintech peers since IPO. By contrast, ETOR and CHYM are only up 22% and 17% from IPOs, while COIN and HOOD rose 16% and 19% in the past month.
