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LATEST: Bernstein has cut its Circle price target to $140 from $190 but kept an Outperform rating, saying the Open USD threat to USDC will fade.
Bernstein cut Circle's price target to $140 from $190 but kept an Outperform rating, saying the Open USD threat to USDC will fade.
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What happened
Bernstein cut Circle’s price target to $140 from $190 but kept an Outperform rating, saying the Open USD threat to USDC will fade.
Confirmed
Global impact / market context
The revised target signals analysts expect slower growth for Circle, which could influence investor sentiment toward stablecoin‑related stocks and affect capital allocation decisions in the broader crypto finance sector.
Confirmed
Bernstein analysts lowered their price target for Circle’s stablecoin business from $190 to $140 while still rating the stock as Outperform, reflecting a more modest outlook for the company’s near‑term valuation.
Confirmed
What to watch
- If the Open USD project loses momentum, USDC’s market share could stabilize, supporting Circle’s revenue from transaction fees. Analyst inference
- Regulatory scrutiny of stablecoins may affect Circle’s cost structure, so any new guidance from regulators should be monitored. Analyst inference
- Investors will watch Circle’s quarterly earnings for signs that the lower price target aligns with actual earnings growth and cash flow trends. Analyst inference
Affected assets
- USDC — USD Coin