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Bernstein maintains a target price of $230 for Circle.
Golden Finance reported that analysts from research and brokerage firm Bernstein stated that Circle is very likely to become the dominant stablecoin network. They reaffirmed their target price of $230 for the company’s stock, which may rise 40% from current levels. After releasing its second quarter financial results on Tuesday, the analyst team led by Gautam Chhugani stated in a report to clients on Wednesday: “Our long-term argument for Circle is that the most liquid and heavily regulated stablecoin will become the dominant stablecoin network.”