TD Cowen Issues Pessimistic Forecast for Circle Internet Group (NYSE:CRCL) Stock Price

Circle Internet Group (NYSE:CRCL) had its target price cut by equities researchers at TD Cowen from $92.00 to $87.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen‘s target price would indicate a potential upside of 25.41% from the company’s previous close.

CRCL has been the topic of several other reports. Keefe, Bruyette & Woods dropped their price objective on Circle Internet Group from $105.00 to $90.00 and set a “market perform” rating on the stock in a research note on Thursday. Zacks Research upgraded shares of Circle Internet Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 16th. Deutsche Bank Aktiengesellschaft upgraded shares of Circle Internet Group from a “hold” rating to a “buy” rating in a report on Thursday. Weiss Ratings lowered shares of Circle Internet Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, October 8th. Finally, Barclays cut shares of Circle Internet Group to a “positive” rating in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, Circle Internet Group currently has a consensus rating of “Hold” and a consensus price target of $94.29.

Circle Internet Group Price Performance

Shares of CRCL stock traded down $6.75 during trading hours on Thursday, reaching $69.37. The company had a trading volume of 14,165,982 shares, compared to its average volume of 14,276,931. Circle Internet Group has a 12 month low of $49.90 and a 12 month high of $140.00. The business has a fifty day simple moving average of $86.40 and a 200-day simple moving average of $85.71. The company has a market cap of $17.61 billion, a price-to-earnings ratio of 47.84 and a beta of 0.84.

Circle Internet Group (NYSE:CRCL) last announced its earnings results on Wednesday, November 4th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.42. Circle Internet Group had a return on equity of 13.58% and a net margin of 15.53%. The company had revenue of $864.89 million for the quarter. During the same period in the previous year, the firm earned $0.64 EPS. The firm’s quarterly revenue was up 16.9% on a year-over-year basis. On average, equities research analysts expect that Circle Internet Group will post 1.14 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Jeremy Fox-Geen sold 45,000 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $90.00, for a total value of $4,050,000.00. Following the transaction, the chief financial officer directly owned 323,837 shares of the company’s stock, valued at approximately $29,145,330. The trade was a 12.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Patrick Neville sold 50,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $92.09, for a total transaction of $4,604,500.00. Following the completion of the transaction, the director directly owned 2,018 shares in the company, valued at $185,837.62. This trade represents a 96.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 372,633 shares of company stock worth $32,833,583 over the last 90 days. Company insiders own 10.85% of the company’s stock.

Institutional Trading of Circle Internet Group

A number of large investors have recently added to or reduced their stakes in CRCL. Fulcrum Asset Management LLP purchased a new position in Circle Internet Group in the third quarter valued at approximately $4,265,000. Ethic Inc. grew its holdings in Circle Internet Group by 21.2% during the 3rd quarter. Ethic Inc. now owns 5,361 shares of the company’s stock valued at $441,000 after buying an additional 939 shares in the last quarter. 180 Wealth Advisors LLC purchased a new position in Circle Internet Group during the third quarter valued at approximately $333,000. StoneX Group Inc. bought a new position in shares of Circle Internet Group in the third quarter worth $1,440,000. Finally, Pictet Asset Management Holding SA increased its stake in Circle Internet Group by 54.9% in the 3rd quarter. Pictet Asset Management Holding SA now owns 134,636 shares of the company’s stock worth $11,063,000 after acquiring an additional 47,714 shares during the last quarter.

Key Stories Impacting Circle Internet Group

Here are the key news stories impacting Circle Internet Group this week:

• Positive Sentiment: Circle reported Q3 EPS of $0.84, double the $0.42 consensus estimate, while revenue and reserve income rose 17% year over year to $865 million. USDC on-chain transaction volume climbed 49% to $13.9 trillion, and average USDC in circulation grew 8% to $73.3 billion. Circle Reports Third Quarter 2026 Results
• Positive Sentiment: Compass Point upgraded CRCL to Buy with a $99 target. Wells Fargo, Needham and HC Wainwright also maintained bullish ratings, although each lowered its price target. Compass Point recommendation
• Neutral Sentiment: Circle plans to reduce its workforce by about 5%. The cuts may help control expenses, though they also come amid concerns about business pressures. Circle trims staff 5%
• Negative Sentiment: Investors may be questioning the quality and sustainability of the beat: reports say a $182 million ARC token sale helped offset lower reserve income, while falling interest rates and distribution costs could weigh on the core stablecoin business. Q3 earnings call highlights
• Negative Sentiment: Several firms lowered their targets, reinforcing a more cautious near-term outlook. Deutsche Bank cut its target to $65 and kept Hold; Susquehanna lowered its target to $86 and remained Neutral, while KBW reduced its target to $90 and kept Market Perform. Deutsche Bank adjusts Circle price target

About Circle Internet Group

Circle Internet Group, Inc is a global financial technology company focused on digital currencies and blockchain-based payments. The company is best known for issuing USD Coin (USDC), a dollar-backed stablecoin designed to maintain a value of one U.S. dollar and support digital transactions, payments, trading and other financial applications. Circle also issues EURC, a euro-backed stablecoin.

Circle provides infrastructure and services for businesses, financial institutions and developers through products such as Circle Mint, which supports the creation, redemption and transfer of its stablecoins, as well as APIs and developer tools for integrating digital-asset payments and blockchain functionality.