Seaport starts coverage of Circle with 'buy' rating
ReutersJun 20, 2025 1:13 PM
Seaport initiates coverage of stablecoin issuer Circle Internet CRCL.N with "buy" rating
Brokerage says CRCL's flagship stablecoin (USDC) product is to grow rapidly due to the improving regulatory climate in the U.S. for crypto
On Tuesday, the U.S. Senate passed a bill to create a regulatory framework for stablecoins, in a watershed moment for the digital asset industry
Seaport expects a future surge in stablecoin adoption and usage by consumers and businesses
Brokerage sets PT at $235, a ~17.7% upside on stock's last close
As of last close, stock up ~543.8% from the $31 offer price in its IPO, earlier this month
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