Compass Point upgrades Circle Internet Group to Buy after Q3 earnings beat
Compass Point raised its rating on Circle Internet Group (CRCL) to Buy and set a new price target of $99 following the company's third‑quarter 2026 earnings beat. The company reported adjusted earnings per share of $0.84 and revenue of $865 million, a 17% year‑over‑year increase. Analysts noted the boost came largely from an ARC token presale, while expressing caution on the speed of USDC adoption.
Why it matters
Compass Point’s $99 price target, up from $47, suggests upside potential for investors despite the stock trading near $67 after a market sell‑off. The earnings beat and higher target may support the share price in the short term.
Key facts
- 1Compass Point upgraded Circle Internet Group to Buy from Neutral. investing.com
- 2Compass Point set a price target of $99.00 for the shares. investing.com
- 3Circle reported adjusted earnings per share of $0.84 for Q3 2026. investing.com
- 4Circle reported revenue of $865 million for Q3 2026, a 17% increase year‑over‑year. investing.com
- 5CRCL stock was down 11.5% at $67.00 when the article was written. coingape.com
- 6H.C. Wainwright trimmed its price target for CRCL to $100. coingape.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.