Odaily Planet Daily reports that Morgan Stanley has downgraded Circle Internet, a stablecoin issuer, to "underweight" and reduced its target price from $106 to $38. The bank lowered its forecast for USDC supply through 2028, citing weaker reserve income and increased low-margin revenue. Analysts noted that intensifying competition from tokenized cash products and new stablecoin models could pressure Circle Internet’s profitability.
Morgan Stanley downgrades Circle Internet to Underweight and lowers price target to $38
KuCoinFlashShare
Summary
Morgan Stanley downgraded Circle Internet to Underweight and reduced its price target to $38 from $106. The bank lowered its USDC supply forecast through 2028, citing weaker reserve income and increased low-margin revenue. Analysts highlighted rising competition from tokenized cash products and new stablecoin models as risks to Circle’s profitability. The downgrade comes amid ongoing cryptocurrency price movements and speculation surrounding new token listings.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.