Morgan Stanley Raises Circle Price Target to $80

Edgen Crypto

·Feb 26 2026, 14:12

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Key Takeaways

Morgan Stanley has significantly increased its valuation forecast for Circle, the issuer of the USDC stablecoin, signaling strong institutional confidence in the digital asset infrastructure firm. The move reflects a bullish outlook on the stablecoin market and could influence Circle's valuation ahead of a potential public offering.

Price Target Hike: Morgan Stanley lifted its price target for Circle to $80 per share, a 21% increase from the previous target of $66.
Institutional Bullishness: The upgrade signals growing confidence from major financial institutions in Circle's core business and the broader stablecoin ecosystem.
Pre-IPO Valuation: This positive revision may strengthen Circle's valuation as the company reportedly moves toward a future Initial Public Offering (IPO).

Morgan Stanley Forecasts 21% Upside with New $80 Target

On February 26, Morgan Stanley raised its price target for Circle Internet Financial, the issuer of the widely used USD Coin (USDC) stablecoin, to $80 from $66. This 21% increase in the firm's valuation forecast underscores a strong conviction in Circle's growth trajectory and its central role in the digital asset economy.

Upgrade Signals Confidence in Stablecoin Sector

The revised target from a major investment bank serves as a significant validation for Circle's business model, which is anchored by the stability and adoption of its USDC stablecoin. This bullish stance reflects a positive institutional outlook on the financial infrastructure supporting digital currencies. The move is particularly noteworthy as Circle is rumored to be preparing for an Initial Public Offering (IPO), and a higher valuation forecast from an institution like Morgan Stanley could bolster investor interest and support a stronger market debut.