Bernstein Lowers Price Target On Circle Stock

1 month ago 29

CryptoProwl

Wed, July 29, 2026 astatine 9:06 AM CDT 1 min read

Wall Street brokerage Bernstein has lowered its terms people connected the banal of stablecoin issuer Circle Internet Group (NYSE: $CRCL).

In a enactment to clients, Bernstein lowered its terms people connected CRCL banal to $140 U.S. from $190 U.S. portion keeping a Buy-equivalent outperform standing connected the shares.

Crypto expert Gautam Chhugani writes that the Open USD consortium that pressured the banal is simply a lesser menace than the marketplace realizes.

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And Bernstein's lowered terms people inactive implies plentifulness of upside for the stock.

Circle Internet Group's banal closed astatine $64.32 U.S. connected July 28, meaning the caller $140 U.S. terms people is 118% higher than the existent stock price.

CRCL banal has fallen 15% successful the past period aft the motorboat of Open USD, a stablecoin consortium backed by much than 140 payment, banking, and fintech names.

The Open USD consortium includes dense hitters specified arsenic Visa (NYSE: $V), Mastercard (NYSE: $MA), and Stripe, among others.

Bernstein's Chhugani argues that Circle has been signing memorandums of knowing (MOUs) with the aforesaid entities named successful the alliance. He says the fears are overblown.

The expert besides notes that Visa executives precocious said that the recognition paper elephantine intends to stay "multi-coin and multi-chain" contempt the enactment of the consortium.

Visa executives added that their relation is to assistance clients link to the stablecoin ecosystem alternatively than to prime winners.

CRCL banal has dropped 65% implicit the past 12 months to commercialized astatine $64.32 U.S. per share.

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