$Circle Internet Corp.(CRCL)$ Wall Street analysts at firms like Morgan Stanley use Discounted Cash Flow to value companies, and that approach is part of why a lot of institutional portfolio managers and retail traders lose confidence in large sell-side research. Keeping an aggressive Underweight rating and a $37.00–$38.00 target on Circle Internet Group while the stock was at $65 effectively told clients to stay away or short a company that has since rallied over 55% in a matter of weeks.
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