Tiger Securities Boosts Circle Internet Price Target to $115

Tiger Securities has upgraded its price target for Circle Internet Group, raising it to $115 from $100 while maintaining a Buy rating. This new target suggests a 36% potential upside from the current stock price of $84.40, though it remains below some analysts' high estimates of $243. The adjustment comes ahead of Circle Internet's third-quarter 2026 earnings report.

The firm cites a new bull-market regime for cryptocurrencies, which is expected to boost demand for USDC as crypto activity rebounds. Circle's strong fundamentals, including a 37% revenue growth over the last twelve months and a $21.25 billion market cap, support this optimistic outlook. Analysts also predict continued profitability for the company this year.

Tiger Securities highlights that higher policy rates should enhance Circle's reserve return rate, creating a favorable operating environment. The firm's increased estimates reflect growing confidence in Circle Internet's earnings trajectory. Other recent developments include an expanded USDC distribution agreement with Binance, reinforcing Binance as a key international partner.

While Baird reiterated an Outperform rating with a $100 price target, Susquehanna maintained a Neutral rating with a $92 target. TD Cowen also raised its price target to $92, citing the impact of a Federal Reserve rate hike. The regulatory landscape remains uncertain following the Senate's failure to pass the CLARITY Act, which some analysts suggest could present a buying opportunity for exchange and brokerage stocks.