Bernstein keeps Circle outperform rating, $140 target as market undervalues potential

Bernstein maintained an outperform rating and a $140 price target on Circle (CRCL), saying the market is underestimating the company’s long-term growth potential, according to Crypto Briefing. Bernstein said concerns over intensifying competition and lower interest rates reducing earnings are overshadowing future revenue opportunities tied to Circle’s distribution network, regulatory advantages, and Arc blockchain, partnerships, and transaction services, while upgraded 2026 earnings forecasts, approval of its National Trust Bank application, and the launch of the Arc mainnet could act as catalysts for revenue growth beyond its current business model.