TD Cowen initiated coverage of Circle Internet Group (NYSE: CRCL) on August 3 with a Buy rating and an $82 price target, implying roughly 31% upside from the then-current trading price. Analyst Bryan Bergin expects the company to evolve beyond USDC stablecoin reserve income into a full payments platform. The company’s last twelve months of revenue hit $2.86 billion, up 51% year over year. Circle went public on June 5, 2025, pricing shares at $31 and the stock now trades around $62.
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