Bernstein: Circle's stock still has 70% upside potential
According to Odaily, Bernstein analysts reiterated their bullish outlook on stablecoin issuer Circle in a report released on Tuesday, maintaining an “outperform” rating with a target price of $190, which implies about 70% upside from Monday’s closing price. The analysts believe that stablecoins are increasingly decoupled from the broader cryptocurrency market cycle, and that stablecoin adoption has remained resilient even during periods of crypto market volatility. Although the supply of USDC briefly declined following liquidity events in October and an overall market adjustment, it has since rebounded to a circulation of approximately $78 billion, reaching a new high, while bitcoin’s trading price remains well below its previous peak. Meanwhile, Tether’s USDT supply stands at around $184 billion. (The Block)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Report: US-Iran conflict disrupts OPEC+ production increase schedule, capacity review postponed to mid-November
According to media reports, the capacity review work by OPEC+ has been delayed. Originally scheduled to be completed by the end of September 2026, it has now been postponed to mid-November. This theoretically still allows OPEC+ to discuss the related results at the plenary meeting in late November. The independent capacity assessment results will directly affect the production caps approved for each member country, and some member countries have already shown significant disagreements regarding quotas, putting pressure on the alliance’s stability.
71% of UK finance leaders expect tokenization to reshape financial services: Lloyds
Crypto prices
More
