Bernstein: Gives Circle "Outperform" Rating, $140 Price Target

BlockBeats News, August 24th, Bernstein analysts rated Circle as "Outperform" and set a target price of $140. The analyst stated that Circle's current growth cycle does not depend on the progress of the US "Clarity Act."

The analyst noted that in the past week, the USDC supply has increased by $1.7 billion, and at the same time, USDC's market share in stablecoin trading volume continues to expand. These factors all indicate that Circle's business growth momentum is still strengthening.