Stablecoin issuer Circle rises after Clear Street upgrades to 'buy'

Circle Internet

16/03/2026 12:32

** Shares of stablecoin issuer Circle Internet Group CRCL.N rise 5% to $121.30 premarket

** Clear Street upgrades CRCL to "buy" from "hold"; raises PT to $136 from $92, implying a 17.9% upside to stock's last close

** Brokerage attributes upgrade to multiple catalysts such as tokenization, regulatory clarity, prediction markets, AI and adoption despite pullback in broader crypto markets

** Says "President Trump's public support for the CLARITY Act increases the probability of near-term stablecoin legislation," which helps reduce regulatory overhang and unlock institutional participation

** 12 of 27 brokerages rate the stock "buy" or higher, 14 "hold" and one "strong sell"; their median PT $108.50 - data compiled by LSEG

** As of last close, CRCL stock up 45.5% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))