Circle Internet Group ($CRCL) rallied more than 7% in New York trading on Monday ET, as investors priced in a mix of regulatory wins and a looming blockchain infrastructure rollout that could broaden the company’s revenue base beyond stablecoin reserve income.
Shares closed at $66.67 on the New York Stock Exchange after touching an intraday high of $68.40, extending gains after Bernstein reiterated an ‘Outperform’ rating and reaffirmed a $140 price target. The move came as Circle highlighted progress on multiple fronts, including new banking-related approvals, an expansion of its payments… Read more
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