Bernstein Maintains $190 Price Target for Circle, Representing 200% Upside on July 1

USDC-0.02%
According to Bernstein on July 1, the investment firm maintained an Outperform rating and $190 price target for Circle Internet Group (NYSE: CRCL), representing over 200% upside from the stock's previous close of $62.63 on June 30. Bernstein cited strong transaction volume data for USDC, Circle's stablecoin, which processed $5.3 trillion in the first half of 2026, with USDC's transaction share rising from around 40% in 2025 to approximately 60% year-to-date. The analyst noted that despite the launch of rival stablecoin OUSD backed by 140+ firms, Circle's dominant market position and high transaction volumes remain intact.
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