Circle Stock CRCL Jumps Above $123 As Clear Street Hikes Target To $136 On USDC Growth

Circle, issuer of the USDC stablecoin, saw its CRCL shares climb above $123 for the first time since last October, rising 7.5% on Monday and 46% year-to-date. Clear Street upgraded the stock from Hold to Buy and lifted its price target from $92 to $136, citing accelerating USDC adoption, growing use in remittances and prediction markets, and potential benefits from regulatory clarity and the CLARITY Act.