Circle Internet Group (NYSE:CRCL) is one of the 14 stocks Jim Cramer recently looked at. While discussing the stock, Cramer noted that its valuation is unjustifiable. He said:
“Take Circle Internet Group… Of course, Circle’s current price is crazy. Can’t be justified by any imagination. Don’t take it from me. Take it from the firm that bought it public, JPMorgan. Today, on the first day of Wall Street coverage, JPMorgan initiated its coverage on Circle with an Underweight rating, that’s a sell, saying the stock’s valuation is being ‘pushed outside our comfort zone’. They’re using an $80 price target, and that’s already factoring a nice premium for investment enthusiasm.
A professional investor in a bespoke suit calmly analysing a stock exchange chart.
Circle (NYSE:CRCL) provides a platform supporting stablecoins and blockchain-based financial applications, which offers tools for payments, liquidity, tokenized assets, and developer integration through its U.S. dollar-denominated stablecoin network.
Invest in Gold
While we acknowledge the potential of CRCL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
