Circle Internet Group (CRCL): “The Firm That Brought It Public, Says It hould Be At 80!” Says Jim Cramer

We recently published Jim Cramer Reveals His Trading Strategy For H2 2025 & Discusses These 16 Stockse. Circle Internet Group (NYSE:CRCL) is one of the stocks Jim Cramer recently discussed.

Circle Internet Group (NYSE:CRCL) is a stablecoin company that is one of the latest listings on the stock market. Since the shares became available for trading, they have gained 131%. Circle Internet Group (NYSE:CRCL)’s shares have benefited from the fact that investors are enthusiastic about stablecoin acceptance after fresh legislation. Cramer has maintained that the stock might be overvalued. He shared his thoughts in detail:

“Is Circle worth 80? Is Circle worth 100?. . .If you think Circle is going to be the stablecoin, then I think you want to take a hard look at it, maybe there are others, maybe it’s going to be SoFi.”

“The key to Circle, it’s the crypto ecosystem, but it’s really the focus is on stabecoin. Because right now we have Tether and that’s a little sketchy. That’s a non-sketchy stablecoin. But what I think is interesting David, and if I were to tell you, that JPMorgan on the upper left were to start this with an Underweight, ‘outside our comfort zone, sell,’ by JPMorgan. Price target of 80. Now Goldman Sachs on the other hand has a Hold, price target of 83. With a Hold. These are the underwriters. So you and I know that this is a period that is very similar to another era that we are very familiar with. And, this is, you’re trying to figure out whether it’s 1998, 1995. But David, this stock is at 181 and the firm that brought it public, says it should be at 80!”

Earlier, Cramer described Circle Internet Group (NYSE:CRCL)’s performance as one of the most bullish things he’s ever seen:

“Look can I just say that these are some of the most bullish things I’ve seen in my career? . . . . That this Circle just keeps being bought, that Palantir keeps being bought. That a Broadcom is going, that Goldman is going. . .”

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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.