Circle Internet price target raised to $150 from $130 at Needham

Needham raised the firm’s price target on Circle Internet (CRCL) to $150 from $130 and keeps a Buy rating on the shares. The company had one of its most impressive quarters yet as it rolled out a robust set of new products and segments, the analyst tells investors in a research note. Circle sold $222M in Arc tokens in an institutional investor led pre-sale, which puts the Arc network at a $3B fully diluted valuation, and also released a stack of agentic products which will become one of the largest drivers of stablecoin transactions longer term, the firm added.