Circle Internet (CRCL) Stock Drops But Wall Street Still Sees 40% Upside – Here’s Why
TLDR
- Circle Internet Group (CRCL) fell more than 2% after Q2 revenue came in at $701 million, missing Wall Street’s $712 million estimate.
- TD Cowen raised its price target on CRCL to $87 from $82, maintaining a Buy rating and citing 24% upside potential.
- CRCL is down over 42% in the past three months but has recovered 18% over the last five trading days.
- Wall Street analysts give CRCL a Moderate Buy consensus, with an average price target of $98.53, implying over 40% upside.
- Circle is preparing for the September 16 launch of Arc, a new open Layer 1 public blockchain mainnet.
Circle Internet Group (CRCL) stock fell more than 2% on Wednesday, trading at $70.43, as investors reacted to a minor revenue miss in the company’s second quarter 2026 earnings report.
Q2 revenue came in at $701 million, below the $712 million Wall Street had expected. That gap, combined with lower reserve yields and higher spending, was enough to spook some investors.
Despite the miss, adjusted earnings per share of $0.18 landed in line with analyst forecasts. Adjusted EBITDA of $143 million also beat TD Cowen’s own estimate by 10%.
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