Analysts at Bernstein, a research and brokerage firm, said that Circle was likely to become the dominant stablecoin network, and they reiterated their target price of $230 for the company's shares - a potential 40 per cent increase from current levels.
"Our long-term argument for Circle is that the most liquid and regulated stablecoins will become the dominant stablecoin network," a team of analysts led by Gautam Chhugani said in a note to clients on Wednesday following the release of second-quarter financial results on Tuesday.
Bernstein maintains a price target of $230 for Circle
2025-08-13 13:53:47
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