US Stock Market Move | Circle (CRCL.US) rose by over 14%. Canaccord Genuity maintains its $247 target price.

On Thursday, the stock price of Circle (CRCL.US) rose, and as of the time of writing, the stock was up over 14%, trading at $130.55. In terms of news, Canaccord Genuity analyst Joseph Vafi maintained a "buy" rating on the stock and kept a target price of $247. Since its listing in June of this year, the stock had reached a high of $298.99 at one point, but the price had since been declining. However, despite this, the stock had still accumulated a gain of over 319% since its listing.