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Morgan Stanley reiterates Circle Internet stock rating at Equalweight By Investing.com
Morgan Stanley has reiterated an Equalweight rating and an $80.00 price target for Circle Internet Group (NYSE:CRCL) stock, noting the shares are currently trading above this target and appear overvalued according to InvestingPro. The firm highlighted ongoing legislative efforts regarding stablecoin yield and issues such as DeFi regulation and liability for illicit activity as incremental headwinds. Additionally, recent news includes Circle’s new Managed Payments service and analyst actions from Freedom Capital Markets and Compass Point.