US Tiger Securities Sticks with 'Buy' Rating on Circle Internet
US Tiger Securities has reaffirmed its positive outlook on Circle Internet Group following the company's second-quarter 2026 results. The firm maintains a 'Buy' rating and a price target of $100.00 for the stock, which currently trades at $63.17 - down 59% over the past year.
Despite this decline, InvestingPro analysis suggests that Circle Internet shares remain undervalued at current levels. The company's second-quarter revenue of $701 million was in line with expectations, while adjusted EBITDA reached $143 million - exceeding estimates by 10%.
Circle Internet reported a 51% increase in revenue over the last twelve months, and analysts predict that the company will be profitable this year. This supports the bullish thesis put forward by US Tiger Securities.
The firm bases its positive outlook on expectations for improved forward crypto activity, rather than a near-term rebound in reported USDC balances. It anticipates that a new bull phase in Bitcoin could drive stronger risk appetite and altcoin trading, leading to increased demand for Circle's products.