Circle analysts split as Morgan Stanley cuts target to $38 while TD Cowen sees $82 upside
Covered by 3 sources · 3 articles
3 outlets - including Blockchainreporter, Bitcoinworld and Cryptobriefing - are covering this story. The bank sees reserve income pressure and encroachment from tokenized money market funds threatening Circle's earnings outlook as USDC growth decelerates.
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Morgan Stanley Cuts Circle Target to $38, Sees USDC Squeezed by Tokenized Alternatives
The bank sees reserve income pressure and encroachment from tokenized money market funds threatening Circle's earnings outlook as USDC growth decelerates.
Morgan Stanley Downgrades Circle, Cuts Price Target to $38 on Slowing USDC Growth
BitcoinWorld Morgan Stanley Downgrades Circle, Cuts Price Target to $38 on Slowing USDC Growth Morgan Stanley has downgraded Circle Internet Group (CRCL) to underweight and slashed its price target to $38 from $106, a move that sent the com…
Circle analysts split as Morgan Stanley cuts target to $38 while TD Cowen sees $82 upside
Circle's strategic pivot to financial infrastructure could redefine stablecoin market dynamics, challenging traditional revenue models. The post Circle analysts split as Morgan Stanley cuts target to $38 while TD Cowen sees $82 upside appea…