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Bernstein projects 203% upside for Circle despite OUSD stablecoin launch. · Cyprus Report

Business · World

Bernstein projects 203% upside for Circle despite OUSD stablecoin launch.

1 sourceFirst reported 20 days agoUpdated 20 days ago

AI summary: catch up in 20 seconds

Bernstein has reiterated an Outperform rating for Circle with a price target of $190.
The report suggests a potential upside of 203% for Circle's stock.
This analysis comes in the wake of the debut of a competing stablecoin, OUSD, which has affected CRCL's stock price.
Following the launch of OUSD, Circle's stock experienced a decline of over 17%.
The launch of OUSD appears to have raised concerns among investors regarding Circle's market position.

Generated by AI from the 1 sources below · always verify with the originals

AI summary: catch up in 20 seconds

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All coverage (1)

Bernstein sees 203% upside for Circle even as new stablecoin rival OUSD debutsThe Block · 20 days ago

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AI summary: catch up in 20 seconds

Bernstein has reiterated an Outperform rating for Circle with a price target of $190.
The report suggests a potential upside of 203% for Circle's stock.
This analysis comes in the wake of the debut of a competing stablecoin, OUSD, which has affected CRCL's stock price.
Following the launch of OUSD, Circle's stock experienced a decline of over 17%.
The launch of OUSD appears to have raised concerns among investors regarding Circle's market position.

Generated by AI from the 1 sources below · always verify with the originals