Buy This ‘Crypto Disruptor,’ Says Top Analyst about Circle Stock (CRCL)

Circle Internet (CRCL), the issuer of stablecoin USDC, has surged more than 550% from its $31 IPO price on June 5, delivering strong gains to early investors. The company is emerging as a major winner following the recent passage of the GENIUS Act—a new U.S. law that sets clear rules for stablecoins. Today, Seaport Global Securities Top analyst Jeff Cantwell has initiated coverage on CRCL with a Buy rating and a price target of $235. In his view, Circle is one of the top players in the crypto space, with the potential to outperform its fintech peers in the years ahead.

Cantwell’s Views About CRCL Stock

Five-star analyst Cantwell described Circle as a “top-tier crypto disruptor” and said the company is well-positioned for long-term success. At the center of this view is Circle’s flagship stablecoin, USDC, which he sees as a major growth driver in the years ahead.

One of the key reasons for Cantwell’s bullish stance is the improving regulatory landscape. He noted that regulators around the world are becoming more open to the idea of stablecoins. As this trend continues, Cantwell expects stablecoin adoption, especially USDC, to pick up pace, giving Circle a clear runway for growth.

He also highlighted the overall growth potential of the stablecoin market. While the current market size is around $260 billion, Cantwell believes it could grow to as much as $2 trillion over the long term. As a leader in this space, Circle is likely to benefit significantly from that expansion.

Strong Financial Outlook

From a financial perspective, Cantwell expects Circle to perform well as stablecoin use increases. He projects annual revenue growth of 25%–30% and gross margins of about 40%. He also mentioned that as Circle scales, it should benefit from operating leverage, implying its profit margins could improve.

Valuation Reflects Growth Potential

Given Circle’s growth potential and solid business model, Cantwell believes the stock deserves a premium valuation. His $235 price target is based on a 15x enterprise value-to-sales (EV/Sales) multiple using 2026 estimates.

Is CRCL Stock a Buy Today?

Using TipRanks’ technical analysis tool, the indicators seem to point to a positive outlook for CRCL stock, thanks to two Bullish indicators and no Neutral or Bearish indicators. However, it is worth noting that since the company recently went public, there is not enough data to fully analyze its technical patterns.