Morgan Stanley downgrades Circle Internet Group to Underweight with a $38 target, while TD Cowen initiates a Buy with $82 target. Analyst cites USDC contraction and low stablecoin use cases, while TD Cowen sees potential in Circle's evolution as a platform player. CRCL currently trading at $59.47, with key levels at $65.22, $59.47, and $58.75.

Circle Internet Group stock drops ahead of Q2 earnings as Bitcoin falls and regulatory worries weigh. Key technicals and more inside.

TD Cowen initiates Circle Internet Group at Buy with an $82 price target, citing 31% USDC CAGR and platform revenue diversification.