Why Circle Internet Group Stock Is Rising Today
Key Points
Several Ark Invest funds bought Circle stock yesterday.
A Goldman Sachs analyst cut his price target on Circle stock.
- 10 stocks we like better than Circle Internet Group ›
Shrugging aside an analyst's bearish new opinion on Circle Internet Group (NYSE: CRCL), investors are bidding the company's shares higher today. A popular growth investor made several investments in Circle, an issuer and operator of stablecoins, yesterday, and that seems to be sufficient motivation for investors to click the buy button themselves today.
As of 10:31 a.m ET, Circle shares are up 7.3%, retreating from an earlier 11.8% rise.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks »
Image source: Getty Images.
July rolled in, and Ark Invest interest in Circle heated up
After the market closed yesterday, Ark Invest, led by Cathie Wood, reported that several of its exchange-traded funds (ETFs) had acquired Circle shares during the day.
Targeting a wide range of disruptive companies, the Ark Innovation ETF bought 210,343 shares of Circle, now accounting for 2.9% of the fund's weighting. Similarly, the ARK Next Generation Internet ETF bought 53,846 Circle shares, giving the stock a 2.9% weighting in the fund, which invests in companies that operate mostly in the cloud. Lastly, Ark Invest bought 23,420 Circle shares -- resulting in a 4.1% weighting in the Ark Blockchain and Fintech Innovation ETF, which invests in various blockchain and fintech companies.
Goldman Sachs analyst James Yaro lowered the firm's price target on Circle Internet to $96 from $111
Should investors round up capital to invest in Circle stock now?
While Ark Invest's enthusiasm for Circle stock is noteworthy, potential investors should also recognize that some analysts are less optimistic about its prospects. Above all, investors should remember the perils of blindly following one investor's lead. Cathie Wood is bullish on the future of cryptocurrency, but investing in it (or in companies that operate it, like Circle) is speculative and will not meet the lower risk tolerance thresholds of conservative investors.
Should you buy stock in Circle Internet Group right now?
Before you buy stock in Circle Internet Group, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Circle Internet Group wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $400,101!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,212,683!*
Now, it’s worth noting Stock Advisor’s total average return is 911% — a market-crushing outperformance compared to 208% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of July 2, 2026.
Scott Levine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Goldman Sachs Group. The Motley Fool has a disclosure policy.
Recommended Articles
