Bernstein Upgrades Circle to "Outperform", Sets $140 Target

AI Market Summary

Bernstein's upgrade of Circle to "Outperform" with a $140 target highlights accelerating fundamentals in the USDC ecosystem. Analysts emphasize that Circle's current growth cycle is not contingent on near-term U.S. stablecoin legislation, reducing headline regulatory dependency. A reported $1.7B weekly increase in USDC supply and rising share of stablecoin trading volume suggest strengthening adoption and liquidity, supportive for stablecoin market activity.

Impact level

● Medium

AI InsightAI Insight

▲ Bullish

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Huoxing Finance reported that on Aug. 24, analysts at Bernstein raised their rating on Circle to "Outperform" and assigned a $140 price target. Bernstein said Circle's current growth phase is not contingent on progress of the U.S. Clarity Act. The firm highlighted that USDC supply rose by $1.7 billion over the past week, while USDC's share of stablecoin trading volume continued to climb, signaling sustained strength in Circle's business momentum.

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