Circle Stock Surges on Analyst Upgrade, USDC Growth
Update: 2025-11-14
Description
Circle Internet Groups stock surged by 2% on November 14th, defying a downward trend in the Nasdaq and Bitcoin markets. This upswing was triggered by a Baird analysts upgrade from Neutral to Outperform, with a new price target of $110 per share. Despite underperforming the S&P 500 by 63% since June, the analyst sees potential in Circles growth. Key factors include a 92% year-over-year increase in USDC circulation, a doubling of on-Circle USDC, and a 77% boost in wallet growth. Circles Arc and CPN testing also show promise, with CPN already having 100 partners and 500 more in the pipeline.
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