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Wall St Engine @wallstengine on x 73.3K followers
Created: 2025-07-22 10:20:12 UTC
Compass Point Downgrades $CRCL to Sell from Neutral, Lowers PT to $XXX from $XXX
Analyst comments: "After U.S. stablecoin legislation passed last week, we are downgrading CRCL to Sell from Neutral and reducing our PT to $XXX (-$75). We still believe USDC can be an integral part of the financial system; however, we're more cautious towards CRCL's long-term economics than its $53bn valuation implies. In the coming months, we expect Circle to expand its distribution network while sharing a greater percent of interest income. We also expect traditional banks and Fintechs to announce competing stablecoin products. These 2H25 catalysts could force investors to re-calibrate long-term EBITDA margin and market share expectations while putting pressure on CRCL's premium valuation."
Analyst: Ed Engel
XXXXX engagements
Related Topics $53bn crcl $crcl circle internet group stocks financial services coins stablecoin usdc coins made in usa