Bernstein cuts Circle's price target from $190 to $140, concluding that the threat posed by Open USD is diminishing.

1 hours ago

Bernstein cuts Circle’s price target from $190 to $140, while maintaining an Outperform rating. Analyst Gautam Chhugani noted that the Open USD Alliance—backed by over 140 institutions including Visa, Mastercard and Stripe—poses a smaller threat to Circle than the market had anticipated. As of July 28, Circle closed at $64.32.

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