JP Morgan maintains Circle Internet Group at Overweight, lowers price target to $100 from $110

Circle (CRCL) stock fell 11.5% to $67 amid a broader market selloff. Compass Point upgraded CRCL to 'buy' with a $99 price target, citing Q3 earnings that beat estimates, including a 17% revenue increase. H.C. Wainwright lowered its target to $100, noting revenue from Arc blockchain token presales. Samsung Wallet's integration of Circle's USDC stablecoin may boost adoption.

Circle shares dropped 10% as crypto-related stocks declined. The company reported $865M in Q3 revenue, with $182M from a one-time ARC token presale. Excluding the presale, revenue fell to $683M. Analysts noted slowing core business and reduced margins. Bitcoin and Robinhood also fell 5% and 10%, respectively.

Circle Internet (CRCL) fell 12% to $67.25 despite an upgrade and earnings beat. Coinbase (COIN) and Strategy (MSTR) dropped 10% each as Bitcoin (BTC) declined 6% in 24 hours. Circle's Q3 EPS of $0.84 beat estimates, but revenue fell 11% YoY excluding a token presale. Coinbase's Q3 revenue dropped 35% YoY. Bitcoin's slide and broader market sell-off impacted these crypto-linked stocks.

Circle (CRCL) CEO Jeremy Allaire warned of AI's risks to critical infrastructure, including financial systems, during an interview. Despite concerns, Circle reported Q3 revenue of $865M, up 17% YoY, and adjusted operating profits of $317M, up 85%. USDC transaction volume hit a record $13.9T, up 49% YoY. Circle also announced a $400M deal to acquire Tazapay. CRCL stock was down 12% midday Thursday.

Circle reported Q3 2026 results: $865M revenue (+17% YoY), $226M net income (+5% YoY), $317M adjusted EBITDA (+85% YoY). USDC circulation grew 8% to $73.3B. Announced acquisition of Tazapay, Arc mainnet launch, and partnerships with Binance, Chelsea FC, and others.

Circle Internet Group (CRCL) reported Q3 earnings, with reserve income falling 8% YoY to $658M. Revenue less distribution costs (RLDC) rose 55% to $453M. Circle Payments Network saw $41B in annualized volume, up 15x YoY. The company expects material revenue from CPN in 2027, including from its planned acquisition of Tazapay for $400M in stock. Circle maintained full-year revenue guidance and reaffirmed RLDC margin targets.