Circle Internet (CRCL) Climbs 12% Ahead of Earnings

Circle Internet Group (NYSE:CRCL) is one of the 10 Stocks With Eye-Popping Gains.

Circle Internet soared by 12.09 percent on Monday to close at $98.68 apiece, as investors loaded portfolios ahead of the results of its earnings performance for the first quarter of the year.

In a statement, Circle Internet Group (NYSE:CRCL) said that it would release its financial and operating highlights for the period before market close on May 11, 2026. A conference call will be organized to discuss the highlights.

Photo from Circle Internet website

The rally came despite an investment firm’s pessimistic coverage of the company last week. In its market note, Compass Point downgraded Circle Internet Group (NYSE:CRCL) to “sell” from “neutral” previously, and cut its price target for the stock to just $2 from $77 prior.

“USDC is more resilient this cycle; however, we believe supply is shifting into lower margin areas,” Compass Point said, adding that they expect gross margins to contract in the first half of the year.

It believes that Circle Internet Group’s (NYSE:CRCL) outperformance since the fourth quarter was driven by the resilience in USDC adoption, alongside growing expectations for margin expansion.

The stock currently trades at 40x optimistic 2027E EBITDA, bolstered by expectations that USDC would reaccelerate during the second quarter.

“As USDC supply remains stagnant and CRCL’s [first half margins] decline, we expect consensus to reduce 2026-27E expectations, where our 2027E EBITDA is 20 percent below the Street,” it noted.

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