Citizens initiates coverage on Circle Internet with 'market perform' rating

Circle Internet

30/09/2025 15:13

** Brokerage Citizens initiates coverage on Circle Internet Group CRCL.N with a "market perform" rating, on compelling long-term growth opportunity tied to stablecoins and tokenized finance

** Citizens expects CRCL to benefit from stablecoins finding real-world applications in payments, remittances, trading, and cross-border payments

** "Circle's hefty cash balance gives it stability today and the freedom to invest or acquire for more growth tomorrow", says brokerage

** Shares of CRCL up 0.6% at $134.30

** Seven of 16 brokerages rate stock "buy" or higher, six "hold" and three "sell"; median PT is $196 - data compiled by LSEG

 (Reporting by Anuj T in Bengaluru)

 ((anuj.t@thomsonreuters.com))