Circle (CRCL) Slides After Morgan Stanley Slashes Price Target to $38 From $106

Circle (CRCL) slides after Morgan Stanley slashes price target to $38 from $106

The bank said tokenized money market funds, Open USD and slower USDC growth could weigh on the stablecoin issuer's earnings.

TD Cowen says buy stablecoin issuer Circle. Morgan Stanley thinks it’s time to sell

TD Cowen thinks a turnaround for Circle Internet Group may be in the cards, yet Morgan Stanley thinks it may be time to dump the stock.

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 company’s shares down about 6% in early trading. The stock was recently trading at $60.88, down 2.76% on the day, reflecting investor reaction to the bearish outlook. Why Morgan Stanley turned cautious on Circle…

Circle stock declines 6% in trading: here's why

Shares of Circle Internet Group fell sharply in premarket trading on Monday after Morgan Stanley downgraded the stablecoin issuer, while TD Cowen initiated coverage with a bullish rating, highlighting a growing divide on Wall Street over the company's long-term prospects. Circle stock declined 6% to $58.81 in premarket trading following the contrasting analyst calls.  Meanwhile, Bitcoin traded 0.64% lower over the past 24 hours at $62,625. Morga…