CRCL Could Hit $140, Says Bernstein as Cathie Wood Praises Circle's Disruption
Key takeaways
- Circle’s valuation outlook remains upbeat, with a $140 target and strong USDC adoption driving confidence despite regulatory uncertainty.
- $140 price target
- $1.7 billion USDC supply added last week
- $849 billion July USDC volume
What happened
The company saw a swing to profit in Q2, with transaction revenue doubling and USDC processing $849 billion in July, 62% of the stablecoin market. Cathie Wood praised Circle’s disruption, highlighting its 84% stock gain since IPO and its shift beyond a pure interest‑rate play after securing a federal trust bank charter.
Why it matters
Bernstein’s target signals confidence in Circle’s business model regardless of regulatory outcomes, suggesting the firm’s stablecoin and payment services are resilient. The surge in USDC volume and Circle’s dominance in decentralized exchange traffic underline its market leadership. Wood’s endorsement reinforces…
Short-term and longer-term
Short-term. Circle’s stock is currently above its 100‑day EMA and approaching the 200‑day EMA, signaling a potential upside to $95.68.
Longer-term. Over the next few months, Circle’s focus on stablecoin payment infrastructure and its federal trust bank charter could drive long‑term revenue diversification beyond interest rates.