Wall Street is split on Circle as the stablecoin issuer digests a mixed second-quarter earnings report, but Bernstein is doubling down on a bullish view—arguing that investors are missing the bigger story: regulatory de-risking, expanding payments infrastructure, and an imminent launch of Circle’s new layer-1 blockchain.
Following Circle’s Q2 results, Bernstein reiterated an ‘Outperform’ rating and maintained a $140 price target. With Circle shares recently changing hands in the mid-$64 range, the target implies roughly 121% upside from current levels. Intraday trading was volatile, with… Read more
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