Circle Corporation's Stock Continues to Surge Following 'Buy' Recommendation from Seaport Investment Bank

Circle Corporation (NYSE: CRCL), the issuer of the stablecoin USDC, has seen its stock price rise by an additional 20% in the past 24 hours, now trading around $240. This surge follows the inclusion of Circle in the analysis coverage by Seaport Global Securities on the 20th, where they issued a 'buy' recommendation. Seaport set a target price of $235, a figure that Circle's stock price has already surpassed. Analyst Jeff Cantwell from the firm described Circle as a 'top-tier company in the blockchain sector,' highlighting its robust regulatory compliance and innovative financial solutions.