Circle Internet Group (NYSE:CRCL) Stock Price Target Lowered at TD Cowen

Posted by Geri Gentry on Nov 6th, 2026

Circle Internet Group (NYSE:CRCL – Free Report) had its price target decreased by TD Cowen from $92.00 to $87.00 in a research report released on Thursday,Benzinga reports. TD Cowen currently has a buy rating on the stock.

Other research analysts also recently issued reports about the company. Barclays downgraded Circle Internet Group to a “positive” rating in a research note on Thursday. BMO Capital Markets assumed coverage on shares of Circle Internet Group in a research note on Thursday. They set an “outperform” rating on the stock. Weiss Ratings downgraded shares of Circle Internet Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 8th. Wall Street Zen raised shares of Circle Internet Group from a “strong sell” rating to a “sell” rating in a report on Saturday, October 31st. Finally, Raymond James Financial began coverage on shares of Circle Internet Group in a research report on Tuesday, July 21st. They issued a “market perform” rating for the company. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $94.88.

View Our Latest Report on Circle Internet Group

Circle Internet Group Stock Performance

NYSE:CRCL opened at $69.37 on Thursday. The stock has a 50-day simple moving average of $85.99 and a two-hundred day simple moving average of $85.66. Circle Internet Group has a 52-week low of $49.90 and a 52-week high of $140.00. The firm has a market capitalization of $17.61 billion, a PE ratio of 45.85 and a beta of 0.84.

Circle Internet Group (NYSE:CRCL – Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.42. Circle Internet Group had a return on equity of 13.52% and a net margin of 15.27%. The business had revenue of $864.89 million during the quarter. During the same quarter in the previous year, the company earned $0.64 EPS. The business’s quarterly revenue was up 16.9% compared to the same quarter last year. Equities analysts forecast that Circle Internet Group will post 1.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Jeremy Fox-Geen sold 45,000 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $90.00, for a total transaction of $4,050,000.00. Following the completion of the sale, the chief financial officer owned 323,837 shares in the company, valued at approximately $29,145,330. This trade represents a 12.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nikhil Chandhok sold 26,668 shares of Circle Internet Group stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $79.59, for a total value of $2,122,506.12. Following the sale, the insider directly owned 715,331 shares in the company, valued at $56,933,194.29. This trade represents a 3.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 372,633 shares of company stock valued at $32,833,583 over the last three months. Insiders own 10.85% of the company’s stock.

Institutional Investors Weigh In On Circle Internet Group

Institutional investors have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Circle Internet Group by 24.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,970,939 shares of the company’s stock valued at $326,292,000 after buying an additional 785,213 shares during the last quarter. Southpoint Capital Advisors LP boosted its position in shares of Circle Internet Group by 175.0% during the first quarter. Southpoint Capital Advisors LP now owns 3,300,000 shares of the company’s stock worth $314,853,000 after acquiring an additional 2,100,000 shares during the last quarter. Amova Asset Management Americas Inc. boosted its position in shares of Circle Internet Group by 13.4% during the first quarter. Amova Asset Management Americas Inc. now owns 2,914,947 shares of the company’s stock worth $278,173,000 after acquiring an additional 344,539 shares during the last quarter. SBI Holdings USA Inc. purchased a new position in Circle Internet Group during the second quarter valued at $101,084,820. Finally, Accel XI Associates L.L.C. bought a new stake in Circle Internet Group in the 2nd quarter valued at $56,999,563.

Circle Internet Group News Roundup

Here are the key news stories impacting Circle Internet Group this week:

Positive Sentiment: Q3 revenue and reserve income rose 17% year over year to $865 million, while EPS of $0.84 topped the $0.42 consensus. USDC onchain transaction volume climbed 49% to $13.9 trillion, and average USDC in circulation grew 8% to $73.3 billion. Circle Reports Third Quarter 2026 Results
Positive Sentiment: Compass Point upgraded CRCL to Buy, and several firms—including JPMorgan, Wells Fargo, Needham, HC Wainwright and TD Cowen—kept positive ratings despite lowering their price targets. Compass Point rating information
Neutral Sentiment: Circle reportedly plans to cut about 5% of its workforce. The reductions may help control costs, though they also point to pressure to manage expenses. Circle trims staff 5%
Negative Sentiment: Despite the earnings beat, investors may be concerned that lower reserve yields are squeezing income from USDC reserves. Analysts also flagged distribution costs, while some reported revenue growth was supported by an ARC token sale—raising questions about the durability of growth from Circle’s core business. Q3 earnings call highlights
Negative Sentiment: Several analysts cut price targets after results, including Deutsche Bank, which lowered its target to $65 and maintained Hold. Even firms retaining Buy or Overweight ratings reduced targets, tempering the positive signal from the earnings beat. Wall Street cuts Circle price targets

About Circle Internet Group

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Circle Internet Group, Inc is a global financial technology company focused on digital currencies and blockchain-based payments. The company is best known for issuing USD Coin (USDC), a dollar-backed stablecoin designed to maintain a value of one U.S. dollar and support digital transactions, payments, trading and other financial applications. Circle also issues EURC, a euro-backed stablecoin.

Circle provides infrastructure and services for businesses, financial institutions and developers through products such as Circle Mint, which supports the creation, redemption and transfer of its stablecoins, as well as APIs and developer tools for integrating digital-asset payments and blockchain functionality.