Jim Cramer drops blunt eight-word verdict on rising tech stock originally appeared on TheStreet.
Jim Cramer, host of CNBC's popular TV show “Mad Money,” isn't known for shying away from sharing his opinionated takes on the markets. Whether a stock is decades old or newly launched, nothing escapes his close scrutiny.
Cramer recently dropped his bold verdict on Circle Internet Group (NYSE: CRCL).
“Circle is one the red hot griddle tonight,” the veteran analyst wrote on X on June 30.
Circle is a prominent crypto company that issues the USDC stablecoin.
A stablecoin is a type of cryptocurrency that tries to maintain a stable value, unlike traditionally volatile cryptocurrencies such as Bitcoin.
Pegged 1:1 to the U.S. dollar, Circle's USDC is the second-largest stablecoin behind Tether's USDT. With a market cap of $61.39 billion, USDC accounts for nearly 25% of the total stablecoin market cap of $253.65 billion, as per DeFiLlama.
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Founded in 2013, Circle went public on June 5, 2025, as it opened at $69 on the New York Stock Exchange (NYSE), around 125% higher than the IPO price of $31.
As the U.S. Senate passed the stablecoin regulation-related GENIUS Act on June 17, the stock skyrocketed 30% to around $200 the next day.
The stock has not escaped Cramer's scrutiny, who last week said Circle “has a bright future in the red-hot Stablecoin market.”
In fact, analysts at the brokerage firm Bernstein have granted an outperform rating and a price target of $230 to the CRCL stock.
“We view CRCL as an investor must-hold, to participate in the new internet-scale financial system built for the next decade,” analysts led by Gautam Chhugani wrote.
The CRCL stock closed at $181.29 on June 30, up 0.48% a day.
Jim Cramer drops blunt eight-word verdict on rising tech stock first appeared on TheStreet on Jun 30, 2025
This story was originally reported by TheStreet on Jun 30, 2025, where it first appeared.
