Circle Internet Group Inc. (NYSE:CRCL) has seen its stock rating downgraded by Compass Point from Neutral to Sell. The company’s price target has also been significantly reduced from $216.10 to $130.
Circle Internet Group (CRCL) was trading lower as Compass Point cut the stock to Sell over concerns about lower margins. Shares were 1.31% down to $93.20 during Thursday pre-market trading. "USDC is ...
Compass Point Just Slapped a Sell on Circle Internet. Is the Crypto Finance Darling Flying Too High?
Compass Point initiated coverage of Circle Internet (CRCL) with a Sell rating and $77 price target, citing stretched valuation (87x forward P/E), declining reserve income yields on USDC backing assets ...
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