Movement Alert｜Circle Internet Corp. Falls 5.91% in Regular Trading, Q2 Revenue Misses Expectations as Morgan Stanley Downgrade Thesis Validated

Market Focus08-05 21:44

On August 5, Circle Internet Corp. declined 5.91% in regular trading, trading at $61.35/share with turnover of $478 million, reversing an earlier pre-market gain of over 8%.

The company reported Q2 EPS of $0.18, beating the analyst consensus of $0.16 and swinging from a loss of $4.48 per share a year earlier — a 141.86% improvement. However, Q2 revenue of $701.3 million missed analyst expectations of $713.1 to $718.6 million, triggering a rapid reversal of pre-market gains after the opening bell.

The revenue shortfall validated Morgan Stanley's August 3 downgrade to Underweight with a target price slashed from $106 to $38, citing USDC balance contraction, reserve-income sensitivity, and a costly transition toward transaction-based revenue. The bank cut USDC circulation assumptions by 33% for 2027 and 44% for 2028. With bulls and bears sharply divided, the market opted to take profits on the pre-market rally, pushing shares into negative territory during the session.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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