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Bernstein: Maintains $230 Target Price for Circle Stock
Summary: According to reports, Bernstein analysts led by Gautam Chhugani stated that despite investor concerns about competitors like Tether entering the US market, as well as new stablecoin competition and interest rate pressures, more liquid and strictly regulated stablecoins will dominate the stablecoin network, with Circle's USDC ultimately prevailing. Therefore, they reiterated their target price of ...
According to reports, Bernstein analysts led by Gautam Chhugani stated that despite investor concerns about competitors like Tether entering the US market, as well as new stablecoin competition and interest rate pressures, more liquid and strictly regulated stablecoins will dominate the stablecoin network, with Circle's USDC ultimately prevailing. Therefore, they reiterated their target price of $230 for the company's stock, representing a 40% increase from current levels.
