Goldman Sachs Holds Line on Circle Internet Despite Mixed Analyst Views
Goldman Sachs analyst James Yaro has maintained his Hold rating on Circle Internet Group, Inc. Class A (CRCL) and set a price target of $92.00. The company's shares closed at $96.18.
In addition to Goldman Sachs, CRCL also received a Hold from KBW's Vasundhara Govil in a report issued yesterday. However, Clear Street countered with a Buy rating on the stock today.
According to Circle Internet Group's latest earnings release for the quarter ending June 30, the company reported revenue of $701.32 million and net profit of $48.22 million. This is an improvement from last year's quarterly revenue of $658.08 million and a GAAP net loss of $482.1 million.
Corporate insider sentiment on CRCL is negative, with 204 insiders selling their shares in the past quarter. In fact, Director Danita K Ostling sold 20,000 shares for $1,233,000 last month.