Circle Internet price target raised to $157 from $152 at Clear Street

Clear Street raised the firm’s price target on Circle Internet (CRCL) to $157 from $152 and keeps a Buy rating on the shares. Circle reported weaker-than-expected results, though USDC in circulation and transaction volume continued to grow, says the analyst, who believes Circle is “no longer a pure crypto play.” Circle has built the layer 1 network in Arc, an application layer with USDC, and a partner ecosystem “required to become a critical infrastructure provider,” the analyst tells investors.