Bernstein keeps Circle at Outperform with $140 price target

Bernstein maintained an Outperform rating on Circle (CRCL) and kept its price target at $140, The Block reported. Bernstein cited Circle shares' current rally as having little correlation with progress on the CLARITY Act, a $1.7 billion increase in USDC supply last week, and USDC’s expanding share of stablecoin trading volume.