Bernstein Maintains Positive Outlook for Circle Amidst OUSD Launch
Despite a significant drop in CRCL stock following the introduction of OUSD, Bernstein continues to endorse Circle with a $190 target price, indicating a potential upside.
Editorial Staff
1 min read
Updated about 2 hours ago
Bernstein has reaffirmed its 'Outperform' rating for Circle, projecting a target price of $190. This comes in the wake of the recent launch of the new stablecoin OUSD.
The introduction of OUSD has reportedly led to a decline of over 17% in Circle's stock price. Despite this setback, Bernstein sees considerable upside potential for the company.
Investors may find reassurance in Bernstein's positive assessment, suggesting that the market may eventually recover from the initial reaction to OUSD's debut.