Circle Internet Group CRCL stock surged Friday after Seaport Global analyst Jeff Cantwell initiated coverage with a Buy rating and a $235 price forecast.

Cantwell sees continued upside with a $235 price forecast, even after a recent rally initially spurred by its IPO and then significantly boosted by the Senate’s approval of the landmark GENIUS Act for stablecoin regulation.

Circle stands out as a top-tier crypto disruptor, poised for substantial future growth, per Cantwell.

Also Read: Circle Stock Rockets 540%: Cathie Wood Says ‘We’ve Just Begun’

The analyst expects its flagship stablecoin (USDC) to grow rapidly, backed by an improving regulatory climate in the U.S. regarding…

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