Circle Internet stock tumbles after downgrade at Morgan Stanley, but TD Cowen initiates at Buy

Circle Internet (CRCL) stock fell 6.3% in premarket trading after Morgan Stanley downgraded it to Underweight, citing stagnant USDC balances and a shift toward lower-margin revenue. Conversely, TD Cowen initiated coverage with a Buy rating, viewing Circle as an evolving financial infrastructure platform with strong growth potential. While the SA Quant system agrees with Morgan Stanley's Sell view, average analyst ratings align with TD Cowen's optimistic outlook.