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.
Compass Point notes that USDC supply would need to increase by 22% to offset 75 basis points of rate cuts. Circle Internet Group currently trades at 84 times Compass Point’s revised 2026 EBITDA ...