Latest news with #downgrade
Yahoo
13 hours ago
- Business
- Yahoo
Why Circle Internet Stock Is Sinking Today
Key Points An analyst has downgraded Circle's stock, citing concerns about increased competition and an unsustainable valuation. The downgrade came with a major drop in the analyst's stock price and now reflects a steep downside from the stock's current price. 10 stocks we like better than Circle Internet Group › Shares of Circle Internet Group (NYSE: CRCL) are falling on Tuesday, down 8.3% as of 3:11 p.m. ET. The drop comes as the S&P 500 gained 0.1% and the Nasdaq Composite lost 0.3%. Circle, the company behind the second most popular stablecoin, USDC, received a sell rating downgrade from a Wall Street analyst. Circle is a sell according to Compass Point An analyst at the investment bank Compass Point downgraded Circle stock to a sell, citing two main issues: one, an increasingly competitive market that could threaten Circle as a leader in the space, and two, valuation concerns. The downgrade came with a significant price target cut -- from $205 to $130. The analyst also said that despite the passing of the Genius Act, a bill that provides a regulatory framework for stablecoins in traditional banking and finance, he does not see upside. He believes investors will "sell the news," saying: "Crypto investors typically sell the news after highly anticipated events. As such, we expect CRCL to retrace some of its recent rally." The downgrade helped take the wind out of Circle's sails as investors began to digest the stock's incredible rally. Circle's valuation is not sustainable Circle's stock has skyrocketed since its recent initial public offering and now trades at a valuation that I don't think makes sense. Although its USDC is the second most popular stablecoin, I think there is a considerable threat from banks themselves creating their own and bypassing the need for USDC. Its current market capitalization of more than $43 billion and net income last year of just $155 million doesn't line up for me, and I would avoid the stock. Should you invest $1,000 in Circle Internet Group right now? Before you buy stock in Circle Internet Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Circle Internet Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $665,092!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,050,477!* Now, it's worth noting Stock Advisor's total average return is 1,055% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Circle Internet Stock Is Sinking Today was originally published by The Motley Fool
Yahoo
2 days ago
- Business
- Yahoo
Circle stock downgraded to Sell by Wall Street analyst citing rising competition, valuation concerns
Circle (CRCL) stock fell as much as 8% Tuesday after getting hit with a downgrade from Compass Point analysts who said the stock may be overvalued as competition in the space heats up. Compass Point downgraded Circle to Sell from Neutral and lowered the stock's price target to $130 from $216. The development comes on the heels of the Genius Act signed into law by President Trump last week. The legislation, designed to regulate the issuance and oversight of digital tokens backed by assets such as the US dollar and short term Treasury bills, has been a major catalyst for Circle stock. Shares are up more than 500% since the company's blockbuster IPO on June 5. "While we expected CRCL to rally into stablecoin legislation, crypto investors typically 'sell the news' after highly anticipated events," crypto and equity research analyst Ed Engel said in a note on Monday. "As such, we expect CRCL to retrace some of its recent rally," he added. Circle makes much of its money from interest income — specifically from short-term Treasury bills backing its stablecoin, USDC (USDC-USD). In recent weeks Wall Street analysts have flagged risks heading into the back half of the year for the high flyer, including rising distribution costs given that a significant portion of its reserve income is shared with partners like Coinbase (COIN). "In the coming months, we expect Circle to expand its distribution network while sharing a greater percent of interest income," Engel wrote. "We also expect traditional banks and Fintechs to announce competing stablecoin products," he added. Earlier this month Mizuho analyst Dan Dolev initiated coverage of the stock with an Underperform rating and a $85 price target. He noted that if the Federal Reserve starts cutting interest rates in September, yields on Treasurys would decline, impacting Circle's bottom line. "We believe consensus does not fully account for looming interest rate cuts, and also overstates USDC's medium-term growth potential," wrote Dolev and his team. Circle stock has rallied 500% since the company went public on June 5. (AP Photo/Richard Drew) · ASSOCIATED PRESS Not everyone is bearish on the stock. Wall Street remains divided, with 9 Buy, 6 Hold, and 4 Sell ratings, according to Bloomberg data. Last Friday, Seaport Research Partners raised its price target on Circle to $280 from $235. "For CRCL, we see the Genius Act passing as a watershed moment that will eventually unlock a substantial amount of new opportunity for stablecoins," analyst Jeff Cantwell wrote. "CRCL is a global leader in stablecoins and is the purest stablecoin play in the public markets right now, and we anticipate further gains in the shares as the company creates new opportunities for itself and its partners," he added.
Geeky Gadgets
2 days ago
- Geeky Gadgets
Revert to iOS 18 from iOS 26: A Step-by-Step Downgrade Process
Downgrading your iPhone from iOS 26 to iOS 18 can be a meticulous process, but with the right approach, it is entirely achievable without compromising your data. The video below from Zollotech provides a step-by-step walkthrough, covering preparation, the downgrade process, and post-downgrade actions to ensure a seamless transition while safeguarding your information. Watch this video on YouTube. Step 1: Prepare Your Device Proper preparation is essential for a successful downgrade. Before proceeding, take the following steps to secure your data and ensure you have the necessary tools: Back Up Your Data: Create a complete backup of your iPhone using iCloud or a computer. This ensures that your photos, messages, app data, and settings are preserved. If using iCloud, verify that you have sufficient storage space. For computer backups, ensure your device has enough local storage available to save the backup file. Create a complete backup of your iPhone using iCloud or a computer. This ensures that your photos, messages, app data, and settings are preserved. If using iCloud, verify that you have sufficient storage space. For computer backups, ensure your device has enough local storage available to save the backup file. Download the Right Tools: Use Finder (on macOS) or iTunes (on Windows) to manage the downgrade process. Confirm that your computer is running the latest version of the software to avoid compatibility issues during the downgrade. Use Finder (on macOS) or iTunes (on Windows) to manage the downgrade process. Confirm that your computer is running the latest version of the software to avoid compatibility issues during the downgrade. Check Your Internet Connection: A stable and fast internet connection is crucial for downloading the iOS 18 software. Slow or unreliable connections can significantly delay the process. A stable and fast internet connection is crucial for downloading the iOS 18 software. Slow or unreliable connections can significantly delay the process. Obtain the iOS 18 Firmware: Download the correct iOS 18 firmware file (IPSW) for your specific iPhone model from a trusted source. Ensure the file is compatible with your device to avoid errors during installation. Step 2: Begin the Downgrade Process Once your device is prepared, you can proceed with the downgrade. This involves entering recovery mode and restoring your iPhone to iOS 18. Enter Recovery Mode: Connect your iPhone to your computer using a Lightning cable. Follow the button sequence specific to your iPhone model to enter recovery mode. For newer models, press and release the volume up button, then the volume down button, and hold the side button until the recovery mode screen appears. For older models, the sequence may vary, so consult Apple's support documentation if needed. Connect your iPhone to your computer using a Lightning cable. Follow the button sequence specific to your iPhone model to enter recovery mode. For newer models, press and release the volume up button, then the volume down button, and hold the side button until the recovery mode screen appears. For older models, the sequence may vary, so consult Apple's support documentation if needed. Restore Your iPhone: Open Finder (macOS) or iTunes (Windows) on your computer. Select your iPhone from the device list and choose the 'Restore' option. When prompted, locate and select the iOS 18 firmware file (IPSW) you downloaded earlier. Agree to the terms and conditions to proceed. Open Finder (macOS) or iTunes (Windows) on your computer. Select your iPhone from the device list and choose the 'Restore' option. When prompted, locate and select the iOS 18 firmware file (IPSW) you downloaded earlier. Agree to the terms and conditions to proceed. Install iOS 18: Allow the software to install on your device. The installation process may take some time, depending on the size of the firmware file and your internet speed. Avoid disconnecting your iPhone during this step to prevent errors. Step 3: Restore Your Data After successfully downgrading to iOS 18, you'll need to recover your data and reconfigure your device settings. Follow these steps to restore your iPhone to its previous state: Restore from Backup: Once the iOS 18 installation is complete, you'll be prompted to restore your data. Choose the backup you created earlier, either from iCloud or your computer. This will reinstate your apps, photos, messages, and other data, making sure continuity. Once the iOS 18 installation is complete, you'll be prompted to restore your data. Choose the backup you created earlier, either from iCloud or your computer. This will reinstate your apps, photos, messages, and other data, making sure continuity. Reconfigure Device Settings: Depending on your iPhone model, you may need to set up features like Face ID, Touch ID, or eSIM again. Follow the on-screen instructions to complete these configurations and ensure your device is fully operational. Depending on your iPhone model, you may need to set up features like Face ID, Touch ID, or eSIM again. Follow the on-screen instructions to complete these configurations and ensure your device is fully operational. Log In to Apps: Some apps may require you to re-enter passwords or log in again. Verify that all your apps are functioning correctly and that your settings are as expected. Important Considerations While the downgrade process is straightforward, there are several additional factors to keep in mind to ensure a smooth experience: Time Commitment: The entire process, including backups, firmware downloads, and software installation, can take anywhere from 1 to 8 hours. The duration depends on your internet speed, the size of your backup, and the performance of your computer. The entire process, including backups, firmware downloads, and software installation, can take anywhere from 1 to 8 hours. The duration depends on your internet speed, the size of your backup, and the performance of your computer. Signed iOS Versions: Apple only allows downgrades to signed versions of iOS. Before starting, confirm that iOS 18 is still being signed by Apple. You can check this information on Apple's official website or through third-party tools that track iOS signing status. Apple only allows downgrades to signed versions of iOS. Before starting, confirm that iOS 18 is still being signed by Apple. You can check this information on Apple's official website or through third-party tools that track iOS signing status. Apple Support: If you encounter issues during the downgrade or don't have access to a computer, consider reaching out to your local Apple Store or Apple Support. They may be able to assist with the process or provide alternative solutions. If you encounter issues during the downgrade or don't have access to a computer, consider reaching out to your local Apple Store or Apple Support. They may be able to assist with the process or provide alternative solutions. Data Integrity: While backups are designed to preserve your data, it's always a good idea to double-check that your most important files, such as photos and documents, are safely stored in multiple locations before proceeding. Check out more relevant guides from our extensive collection on iOS downgrade that you might find useful. Source & Image Credit: zollotech Filed Under: Apple, Apple iPhone, Guides Latest Geeky Gadgets Deals Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn about our Disclosure Policy.
Yahoo
3 days ago
- Business
- Yahoo
Target cut to Sell as ‘sales may continue to underperform,' says Barclays
-- Barclays downgraded Target to Underweight from Equal Weight on Monday, maintaining a $91 price target on the stock. The bank warned that the U.S. retailer could continue to struggle with sales and competitive pressures without a significant strategic overhaul. In a sweeping review of the food and staples retail sector, Barclays said, 'We still believe there is a place for this concept, but absent a bigger strategic shift, sales may continue to underperform.' Target's recent performance has lagged peers in both consumables and general merchandise. According to Barclays, 'our analysis suggests comps have improved from Q1 (less bad, still negative),' but sales trends appear 'weakest among TGT's more frequent shoppers.' Barclays said the retailer faces medium- to long-term margin pressure due to 'growing competitive issues,' even as year-over-year comparisons may bring some relief in the second half. The firm added that it expects more detail on growth initiatives during Target's second-quarter update, though it is 'unclear if that directly requires more investments.' While Barclays acknowledged several upside risks, including a rebound in discretionary spending, margin improvements, or accelerated competitor closures, the bank remains below consensus on earnings, projecting $7.31 for FY25 and $7.58 for FY26. Overall, Barclays sees better opportunities elsewhere. 'We favor players with sustainable price, convenience or assortment advantages,' the analysts wrote, adding that strong year-to-date performance across the sector 'has left few meaningful disconnects.' Related articles Target cut to Sell as 'sales may continue to underperform,' says Barclays Surge of 50% since our AI selection, this chip giant still has great potential Apollo economist warns: AI bubble now bigger than 1990s tech mania Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Target cut to Sell as ‘sales may continue to underperform,' says Barclays
-- Barclays downgraded Target (NYSE:TGT) to Underweight from Equal Weight on Monday, maintaining a $91 price target on the stock. The bank warned that the U.S. retailer could continue to struggle with sales and competitive pressures without a significant strategic overhaul. In a sweeping review of the food and staples retail sector, Barclays (LON:BARC) said, 'We still believe there is a place for this concept, but absent a bigger strategic shift, sales may continue to underperform.' Target's recent performance has lagged peers in both consumables and general merchandise. According to Barclays, 'our analysis suggests comps have improved from Q1 (less bad, still negative),' but sales trends appear 'weakest among TGT's more frequent shoppers.' Barclays said the retailer faces medium- to long-term margin pressure due to 'growing competitive issues,' even as year-over-year comparisons may bring some relief in the second half. The firm added that it expects more detail on growth initiatives during Target's second-quarter update, though it is 'unclear if that directly requires more investments.' While Barclays acknowledged several upside risks, including a rebound in discretionary spending, margin improvements, or accelerated competitor closures, the bank remains below consensus on earnings, projecting $7.31 for FY25 and $7.58 for FY26. Overall, Barclays sees better opportunities elsewhere. 'We favor players with sustainable price, convenience or assortment advantages,' the analysts wrote, adding that strong year-to-date performance across the sector 'has left few meaningful disconnects.' Related articles Target cut to Sell as 'sales may continue to underperform,' says Barclays Truist downgrades Royal Caribbean, says trends are 'decent but normalizing' Oppenheimer starts fintech stock at Buy on strength in BNPL market Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
