In a report released today, Andrew Jeffrey from William Blair reiterated a Buy rating on Circle Internet Group, Inc. Class A, with a price target of $101.17.
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Andrew Jeffrey has given his Buy rating due to a combination of factors pointing to attractive long-term risk/reward despite recent volatility. He views the sharp pullback following regulatory and competitive headlines as largely emotional, arguing that neither Tether’s pursuit of enhanced compliance nor draft CLARITY bill constraints materially undermines Circle’s long-term strategic position.
He believes the addressable cross-border B2B stablecoin market is enormous relative to today’s stablecoin capitalization, leaving ample room for multiple winners and positioning Circle as a key early mover. In his view, Circle’s infrastructure, potential regulatory advantages over Tether, and the ability of partners like Coinbase to enable yield via defi connectivity support durable economics, making the post-selloff valuation especially compelling for long-horizon investors.
Jeffrey covers the Technology sector, focusing on stocks such as Dave, Circle Internet Group, Inc. Class A, and Corpay Inc. According to TipRanks, Jeffrey has an average return of 9.3% and a 58.01% success rate on recommended stocks.
In another report released today, Clear Street also maintained a Buy rating on the stock with a $152.00 price target.