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Benzinga

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Snigdha Gairola

Compass Point Calls Circle Overvalued, Cuts Price Target After Stablecoin Legislation Threatens Profit Outlook

Circle Compass Point Circle Internet Group CRCL Internet

Denver,,Colorado,-,June,18,2025:,Circle,Company,Logo,Display

Circle Internet Group Inc. (NYSE:CRCL) has seen its stock rating downgraded by Compass Point from Neutral to Sell. The company’s price target has also been significantly reduced from $216.10 to $130.

What Happened: The downgrade comes in the wake of the latest U.S. stablecoin legislation, which has prompted Compass Point to re-evaluate Circle’s long-term economic prospects to its current $53 billion valuation, as reported by Investing.com on Monday.

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