Wall Street is split on Circle: TD Cowen sees 31% upside while Morgan Stanley cuts its target by 64%
Wall Street analysts are divided on Circle's valuation prospects. TD Cowen rated Circle a buy with an $82 price target, implying 31% upside, while Morgan Stanley cut its target by 64% to $38, citing doubts about the utility of stablecoins. The divergence reflects significant disagreement among analysts regarding Circle's financial outlook.
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