CRCL is trading at $88.19 (+6.07%) following a Q4 earnings beat that exceeded analyst expectations.
- Revenue reached $770M with an EPS of $0.43, driven by a 72% surge in USDC circulation to $75.3B.
- Needham maintained its Buy rating while adjusting its price target to $130 from $190.
- The stock's gains come despite a slight decline in major cryptocurrencies, with Bitcoin and Ethereum trading lower since the close.