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Shares of Circle Internet Group Inc (NYSE:CRCL)are currently in the green following the company’s upbeat first-quarter report.
Here are the key analyst insights:
- Needham analyst John Todaro reaffirmed a Buy rating, while raising the price target from $130 to $150.
- Citizens JMP Securities analyst Devin Ryan reiterated a Market Perform rating on the stock.
Check out other analyst stock ratings.
Needham: Circle Internet Group reported revenues of $694 million. It narrowly missed Street expectations of $715 million, while delivering earnings of 21 cents per share above consensus estimate of 19 per share.
RLDC (revenue less distribution costs) margin expansion drove the earnings beat, , Todaro said in a note.
“Circle had one of its most impressive quarters yet in our view, as the company rolled out a robust set of new products & segments,” the analysts wrote. He further stated that the most impressive was the roll-out of a …
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