The bank reiterated its Outperform rating a day after $CRCL fell on the stablecoin consortium's debut, signaling it did not change its view on the company.
Bernstein maintained its $190 price target on Circle and reaffirmed its Outperform rating after the launch of OUSD. The call came a day after $CRCL stock closed down 17.5% following the stablecoin consortium's debut, indicating the bank kept its bullish stance despite the sharp decline.