Morgan Stanley Debuts Stablecoin Portfolio, Cuts Oracle Target to $207
Morgan Stanley Investment Management introduced a Stablecoin Reserves Portfolio backed by USDC and GUSD with institutional custodial arrangements for accredited investors. Its Equity Research team cut Oracle’s price target to $207 from $213, noting unresolved GPU-as-a-service cost and margin uncertainties despite higher earnings power estimates.
1. Stablecoin Reserves Portfolio Launch
Morgan Stanley Investment Management has rolled out a Stablecoin Reserves Portfolio offering allocations to USDC and GUSD for qualified and accredited investors. The portfolio uses institutional custodians to secure digital assets, expanding the firm’s alternative product lineup and aiming to meet rising institutional demand for regulated crypto exposure.
2. Oracle Price Target Revision
MS Equity Research trimmed Oracle’s share price target to $207 from $213 while keeping an Equal Weight rating. The note highlighted a sharper FY2030 GPUaaS earnings power estimate rising to $2.90 billion, but said uncertainty persists over the cost, financing and long-term margin profile of the GPU-as-a-service business.