Circle CRCL Soars on Bernstein's Reaffirmed Price Target
Circle Internet Group (CRCL) received another boost from analysts at Bernstein, who reaffirmed their Outperform rating and $140 price target for the company. This represents a potential gain of approximately 59% from Circle's current closing price of $87.98.
The research firm argues that Circle's expansion trajectory remains independent of whether the CLARITY Act receives Congressional approval in September. Despite some concerns surrounding regulatory developments, Circle has delivered strong financials, including second-quarter revenue of $701 million, a 7% increase from the prior year period.
The company's USDC stablecoin continues to gain momentum, with its circulating supply increasing by $1.7 billion within one week following nearly half a year of stagnant growth. Stablecoin transaction volume reached a $17 trillion annualized run rate as of July 2026, according to Bernstein.