Bernstein lowers Circle's price target from $190 to $140, citing reduced threat from Open USD

July 29th, Bernstein lowered Circle's price target from $190 to $140 while maintaining an Outperform rating. Analyst Gautam Chhugani stated that the threat to Circle posed by the Open USD Alliance, backed by over 140 institutions including Visa, Mastercard, and Stripe, is lower than market expectations. As of July 28th, Circle's closing price was $64.32.