Wolfe Research has initiated coverage on Circle Internet Group Inc (CRCL) with an Underperform rating, marking the firm's first assessment of the company's investment potential. This decision reflects a comprehensive analysis of Circle's business operations, industry dynamics, and growth prospects.
Headquartered in New York City, Circle Internet Group operates as a financial technology company that facilitates the use of digital currencies and public blockchains for a range of financial applications. The company, which went public on June 5, 2025, issues the United States dollar-denominated stablecoin, USDC, and the euro-denominated stablecoin, EURC, among other offerings. As of November 25, 2025, Circle boasts a market capitalization of $17.1 billion and reported an earnings per share (EPS) of -2.69 for the trailing twelve months.
Analyst ratings, such as this one from Wolfe Research, provide valuable insights based on rigorous research and financial modeling. However, they are inherently based on assumptions that may not always materialize. Investors are encouraged to consider various factors, including company fundamentals and market conditions, alongside analyst opinions when making investment decisions.
The broader analyst consensus for Circle Internet Group remains positive, with a total of 30 analysts covering the stock, yielding 8 Strong Buy, 9 Buy, 11 Hold, 1 Sell, and 1 Strong Sell ratings. This diverse range of opinions underscores the complexity of the current market landscape and the differing perspectives on Circle's future performance.