13 Best Booming Stocks to Buy Now

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1. Circle Internet Group (NYSE:CRCL)

YTD Returns: 545.16%

Circle Internet Group (NYSE:CRCL) is among the 13 Best Booming Stocks to Buy Now. On July 8, Mizuho initiated coverage of the stock with an Underperform rating, while announcing a price target of $85 for its shares.

The firm’s analysis suggested that Wall Street analysts may be underestimating the impact of declining interest rates on the stock, and hence, overstating the company’s growth potential. In a note to clients, Dan Dolev anticipated a potential downside of 25% to 30% to the $4.5 billion full-year consensus for Circle Internet Group (NYSE:CRCL)’s 2027 revenue.

The analyst said his estimate of $3.3 billion was more realistic, as it takes into account lower borrowing costs and growth in USDC circulation. He also noted higher distribution costs as a major concern for the stablecoin issuer, with companies like Coinbase holding a significant chunk of the USDC economics.

Circle Internet Group (NYSE:CRCL) is a global financial technology company, operating as a network, platform, and market infrastructure for stablecoin and blockchain applications. The stock has surged by over 500% since its IPO in June this year.

While we acknowledge the potential of CRCL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRCL and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 13 Best German Stocks to Invest in Now and Goldman Sachs Stock Portfolio: 10 Large-Cap Stocks To Buy.

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