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Berenberg rates Circle as 'Outperform,' with a price target of $190

2 hours ago

Feb 26, Bernstein said Circle has transitioned from a "crypto proxy investment target" to a fintech infrastructure provider. Circle’s Q4 earnings report revealed its 2025 revenue surged 77% to $7.7 billion. For Circle CEO Jeremy Allaire, this marks just the start of AI and blockchain reshaping the global economy. “We’re at the very beginning of a profound, fundamental shift in how the global economic system operates,” he noted. “It will not only become more internet-native but also more automated.” Bernstein views Circle as a key player in this transformation, reiterating its “outperform” rating on the firm in a new report, setting a $190 price target (implying 129% upside), and noting Circle is evolving into core internet infrastructure. Analyst Gautam Chhugani and three colleagues described Circle’s Q4 performance as “clearly differentiated from the crypto market.”
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Axiom Response: Access to the relevant tool has been revoked, and legal action will be taken against the individuals involved.

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