Bernstein cuts Circle price target to $140, says Open USD threat will fade
Bernstein cuts Circle price target to $140, says Open USD threat will fade
Bernstein cut its Circle price target to $140 from $190 but kept an Outperform rating, saying the Open USD consortium threat that hammered the stock will fade.The firm expects Circle to post a broadly flat second quarter, with USDC supply ending Q2 at about $73 billion, down from $77 billion in Q1.