Opinions Jim Cramer - Mad Money
Circle Internet GroupCRCLDON'T BUYJan 07, 2026
Jim Cramer - Mad MoneyStock price when the opinion was issued
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It makes it easy to buy cryptos, offering stablecoin. Is up 484% in one month, after it went public. Its current price is crazy, though. Two banks just listed price target at $80-83 (currently $181). The market is crazy about anything crypto. Once the lock-up on insider selling expires, the shorts will shoot back. One to watch.
It started trading last Thursday, over 100% from its deal price. CRCL deals in stablecoin, +272% since its IPO. Primarily, CRCL makes money by investing their dollar reserves. Also, they have a Euro-denominated stablecoin and other businesses. But the US stablecoin accounts for 99% of business. Their Q1 numbers impress: 59% revenue growth, 75% net income growth. But at the current price, CRCL is selling at 165x 2024's PE (Coinbase was 27x). Overall, he likes CRCL, but not at this price.
Is up 160% since the IPO, but it zoomed up early and since June has tumbled from over $240 to $80.