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Bernstein analysts are optimistic about Circle and reiterate the target price of $230.
Analysts at Bernstein, a research and brokerage firm, stated that Circle is likely to become the dominant stablecoin network. They reiterated a target price of $230 for the company's stock – a potential rise of 40% from current levels. After releasing their second-quarter financial results on Tuesday, the analyst team led by Gautam Chhugani stated in a report to clients on Wednesday: "Our long-term argument for Circle is that the most liquid and heavily regulated stablecoin will become the dominant stablecoin network."