BUZZ-Circle dips on near-term profitability concerns

Reuters11-13
BUZZ-<a href="https://laohu8.com/S/CRCL">Circle</a> dips on near-term profitability concerns

** Stablecoin issuer Circle Internet Group's shares CRCL.N fall 11.5% to $87

** CRCL forecasts full-year RLDC margin around 38%, implying a weaker fourth quarter, according to analysts

** US Tiger Securities analyst Bo Pei attributed the stock decline to concerns about the company's profitability peaking in the near term

** "We think the muted stock reaction reflects premium valuation and limited visibility to USDC commercialization" — William Blair

** 10 of the 23 analysts covering the stock rate it "buy" or higher, and 10 "hold", three "sell"; median PT is $145.50 — data compiled by LSEG

** As of last close, CRCL stock has more than tripled from IPO price since debut in June

(Reporting by Anuj T in Bengaluru)

((anuj.t@thomsonreuters.com))

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