Morgan Stanley initiated coverage on Circle Internet Group (CRCL) with an Equalweight rating and a $66 price target, citing volatile regulatory prospects, crypto-related use cases, and share price volatility. The firm noted that current US rate trends hinder Circle’s interest-based revenue, impacting short-term earnings visibility. Compass Point also revised CRCL from Sell to Neutral, lowering its price target to $60, suggesting CRCL shares will likely remain tied to cryptocurrency sentiment in early 2026.
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Circle Internet (CRCL) Faces Regulatory and Crypto Volatility, Says Morgan Stanley
Morgan Stanley initiated coverage on Circle Internet Group (CRCL) with an Equalweight rating and a $66 price target, citing volatile regulatory prospects, crypto-related use cases, and share price volatility. The firm noted that current US rate trends hinder Circle’s interest-based revenue, impacting short-term earnings visibility. Compass Point also revised CRCL from Sell to Neutral, lowering its price target to $60, suggesting CRCL shares will likely remain tied to cryptocurrency sentiment in early 2026.