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Research Alert: CFRA Maintains Hold Rating On Shares Of Circle Internet Group Inc.

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CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our target price by $26 to $145, applying a forward EV/EBITDA multiple of 33.2x on our 2027 EBITDA estimate. Despite a strong Q1 in terms of Y/Y transaction and circulation growth, USDC circulation was flat Q/Q, notwithstanding positive regulatory momentum. Management is executing a bold pivot following a successful $222M presale for its new Arc L1 blockchain (with backers including A16Z and BlackRock). It also launched an agent stack for AI payments that creates massive potential long-term opportunities but introduces further execution into the business model near term, in our view. The CLARITY Act has gained momentum in recent weeks, with the Senate Banking Committee set to vote on the current proposal in two days. We believe a large grey area still exists impacting whether stablecoins are allowed to pay yield for "staked" tokens, depending on how rules are enforced based on the currently proposed bill. We lift our 2026 EPS estimate from $0.75 to $0.82 and maintain our 2027 EPS estimate at $1.42.

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Research Alert: CFRA Maintains Hold Rating On Shares Of Open Text Corporation

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Research Alert: CFRA Maintains Hold Opinion On Shares Of Optimum Communications, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month target price by $0.80 to $1.20, applying an EV/EBITDA multiple of 8.1x to our 2026 estimate, close to its 10-year historical average multiple at 7.7x. We cut our 2026 EPS estimate by $0.83 to a loss of -$0.57 and 2027's estimate by $0.09 to a loss of -$0.20. Broadband subscriber net losses totaled 64,000 for the quarter, or 56,000 when excluding a subscriber adjustment related to prior periods. The quarter was characterized by muted gross additions and elevated churn, attributed to intense competition and heavy promotional activity in the market. OPTU acknowledged that broadband subscriber trends were negatively impacted and that stabilizing these trends remains a challenge. Competitive intensity, particularly from fixed wireless, fiber overbuilders, and aggressive promotional offers, has increased, especially in the West, making market dynamics more challenging and contributing to subscriber and revenue pressures.

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Research Alert: CFRA Reiterates Buy Opinion On Shares Of Constellation Energy Corporation

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