Overview

• Compass Point downgraded CRCL from Neutral to Sell and trimmed its price target from $205 to $130.
• Circle shares tumbled over 8% on Tuesday after peaking near $299 in late June.
• The stock has climbed more than 500% since its $31 IPO on June 5, prompting concerns of overvaluation.
• Analysts cite rising distribution costs from reserve-sharing partnerships and looming stablecoin launches by banks and fintech firms.
• Mizuho began coverage with an Underperform rating and $85 target on Fed rate-cut risks, while Seaport Research lifted its target to $280 on the Genius Act’s long-term benefits.