Circle Internet Stock Still Down 10% as Bulls Eye $100 Target
Circle Internet Group's shares are trading at $70.91 as of Tuesday afternoon, down 10% year to date in 2026.
The stock is still below the $100 mark that bulls have been targeting, and it's unclear what it will take for CRCL stock to reach this level again.
Despite being down 10%, Circle Internet's performance looks relatively resilient compared to its peers in the crypto sector. For example, Strategy shares are down 37% year to date, while BitMine Immersion Technologies stock has fallen by 35%.
The company's recent Q2 2026 results showed a 7% increase in total revenue and reserve income, with adjusted EBITDA of $143 million and a net income of around $48 million. USDC circulation at Circle Internet reached $73.3 billion, up 19% year over year.
The company's Arc blockchain is set to launch on September 16, with mainnet launch and founding validators including BlackRock, Mastercard, Visa, DTCC, and other major institutions. CEO Jeremy Allaire has described Arc as potentially a bigger opportunity than USDC.