$Circle Internet Corp.(CRCL)$ This Analyst Says Yes. Without a single earnings print or earth-shattering announcement, Circle shares are up more than 650% from a June 5 initial public offering price of $31. Entering Friday, the stock had climbed double-digit percentages on six of ten trading sessions. Surely, the much-hyped stock must be due to crash, right? The answer is no, according to Seaport Research Partners analyst Jeff Cantwell, who initiated coverage of Circle with a Buy rating and a $235 price target on Friday. Right on cue, the stock was up another 22% Friday to $242.81. Circle issues USDC USDCUSD 0.00% , a cryptocurrency pegged to the U.S. dollar that the company launched in collaboration with Coinbase