Bernstein Lowers Price Target On Circle Stock Amid Market Volatility The news that Bernstein has lowered its price target on Circle Internet Group (CRCL) to $140 from $190 may have sent shockwaves through the crypto markets.
However, closer examination of the numbers and analyst commentary reveals a more nuanced story.
Circle's stablecoin issuer stock has indeed taken a hit in recent months, falling 15% after the launch of Open USD, a consortium backed by Visa (V), Mastercard (MA), and Stripe.