Stock Track | Circle Internet Corp. Plummets 6.83% Intraday as Morgan Stanley Downgrades to Underweight, Slashes Target to $38

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Shares of Circle Internet Corp. (CRCL) plummeted 6.83% during intraday trading on Monday, following a barrage of bearish analyst actions and mounting fundamental concerns that shook investor confidence.

The sell-off was primarily triggered by Morgan Stanley's downgrade of the stock to Underweight from Equal-Weight, accompanied by a drastic price target cut to $38 from $106. This deeply bearish call added to the pessimism after Mizuho Securities had earlier downgraded the stock to Underperform with a $50 target. The negative sentiment was further compounded by on-chain data showing stablecoin net outflows persisted for a third consecutive month in July, directly threatening the company's USDC reserve-income-dependent business model. Additionally, President Heath Tarbert has sold CRCL shares 10 times, cumulatively totaling over $30.77 million, intensifying concerns about management confidence.

Broader macro headwinds in the cryptocurrency market also weighed on the stock, as long-term Bitcoin holders transferred large sums and Bitcoin spot ETFs snapped a three-week inflow streak. With the company's Q2 earnings report due on August 5, investors moved to de-risk positions ahead of the release amid the growing uncertainty.

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Plummets 6.83% Intraday as Morgan Stanley Downgrades to Underweight, Slashes Target to $38\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-08-03 21:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of Circle Internet Corp. (CRCL) plummeted 6.83% during intraday trading on Monday, following a barrage of bearish analyst actions and mounting fundamental concerns that shook investor confidence.</p><p>The sell-off was primarily triggered by Morgan Stanley's downgrade of the stock to Underweight from Equal-Weight, accompanied by a drastic price target cut to $38 from $106. 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