🦁 Morgan Stanley lowers Circle's target price by 64% from $106 to $38
🦁 Morgan Stanley lowers Circle's target price by 64% from $106 to $38 1. 2027, supply 33%. Expected decline of 44% in 2028 2. Intensifying competition from MMFs and tokenized deposits This is the first time that the target price has been lowered by more than 60%. @ryan_research
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