Crypto · Yahoo Finance
Compass Point Just Downgraded Circle (CRCL); So Why Is It Still Among the Best Ethereum Stocks to Buy?
Compiled by KHAO Editorial — aggregated from 1 outlet. See llms.txt for citation guidance.
◌ Single Source
Circle Internet Group, Inc. (NYSE: CRCL ) is one of the best Ethereum stocks to buy now.
Key facts
- On April 8, Compass Point analyst Ed Engel downgraded Circle Internet Group, Inc. (NYSE:CRCL) to Sell from Neutral and lowered his price target to $77 from $79
- The firm estimates EBITDA will fall 19% quarter-on-quarter in Q1 2026, and its full-year 2027 EBITDA forecast sits 20% below Wall Street consensus
- He noted that Circle currently trades at 40 times optimistic 2027 EBITDA forecasts that assume USDC will reaccelerate in Q2 2026
- According to Engel, under 80% of USDC supply growth since early February has been driven by partner platforms such as Sky, Binance, and Ethena
Summary
According to Engel, under 80% of USDC supply growth since early February has been driven by partner platforms such as Sky, Binance, and Ethena. The analyst also touched on Circle’s earnings, where he noted that the company’s Q1 2026 results could underwhelm rising expectations. Part of what makes the stock vulnerable, in Engel’s view, is its high valuation. Circle indicated it is solidifying its place in the Ethereum ecosystem when it launched cirBTC on April 2. cirBTC is a Bitcoin-backed token specifically designed for institutional decentralized finance, or DeFi, use.