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Investing.com - Tiger Securities lowered its price target on Circle Internet Group (NYSE:CRCL) to $180.00 from $200.00 on Tuesday, while maintaining a Hold rating on the stock. The company, currently trading at $165.64 with a market capitalization of $36.69 billion, shows signs of being slightly overvalued according to InvestingPro analysis.
The firm cited margin pressure as a key concern, noting that RLDC margin deterioration is occurring despite growing Circle USDC balances, with the outlook suggesting further compression in the second half of 2025. The company’s current gross profit margin stands at 24%, highlighting the challenges ahead.
Tiger Securities also pointed to expense growth as an issue, with operating expense run-rates trending above prior expectations, potentially delaying margin expansion for the company.
The firm highlighted revenue concentration risk, with reserve income still dominant at approximately 96% of total revenue, leaving the business model exposed to Federal Reserve rate cuts—a near-term risk given softer CPI prints and political pressure from the current administration.
While maintaining its Hold rating, Tiger Securities revised its estimates, keeping third-quarter revenue projections largely unchanged but decreasing adjusted EBITDA by 33%, and similarly maintaining 2025 revenue estimates while reducing adjusted EBITDA forecasts by 23%. The company’s current EBITDA stands at $215.92 million for the last twelve months.
In other recent news, Circle Internet Group Inc . reported its second-quarter 2025 earnings, highlighting significant revenue growth and the introduction of new products. Despite the negative earnings per share of -4.48 USD, the company demonstrated strong performance in its revenue figures. This development has caught the attention of investors, reflected in the increased interest in the company’s stock. Analysts have noted the company’s innovative approach to product launches as a positive factor in its recent financial results. While the earnings per share were not favorable, the robust revenue growth suggests a promising trajectory for Circle Internet Group. The company’s focus on innovation continues to be a central theme in its market strategy. Recent developments have positioned Circle Internet Group as a company with potential for future growth, according to industry observers.
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