Key highlights: Morgan Stanley cut its price target on Circle stock The bank highlighted its weak USDC adoption and reserve income Circle will report Q2 earnings on August 5 Circle stock came under pressure on Monday after Morgan Stanley issued a bearish call on the stablecoin issuer just ahead of its earnings report. The investment […]
Tag: CRCL
Key highlights: Bernstein has cut its price target for Circle by $50, citing an uncertain revenue outlook The firm downplayed speculation that OpenUSD will affect Circle’s long-term share price CRCL is down by over 40% from its all-time high Global equity research firm Bernstein has slashed its end-of-year price target for CRCL stock to $140. […]
Key highlights: Circle added about 1,000 blockchain patents from IBM. The portfolio features over 680 patent families in blockchain and fintech. CRCL stock rose slightly after the announcement. Circle has acquired nearly 1,000 blockchain-related patents from IBM. This makes it the largest holder of blockchain patents in the United States. The firm did not disclose […]