Bernstein reiterates a bullish view of Circle, setting a $190 price target that implies about 203% upside for CRCL shares. The renewed assessment comes after the debut of OUSD, a new stablecoin that enters the market and coincides with a drop in Circle’s stock, with one report noting shares are down more than 17% following the launch. While the reports reference the market impact of the new stablecoin rival, they do not present detailed, competing arguments about OUSD’s adoption or its longer-term effect on Circle’s business. The coverage focuses primarily on Bernstein’s continued rating and target for Circle, rather than changes to Circle’s fundamentals. Overall, the articles describe a scenario in which a new stablecoin product enters the market, contributing to near-term volatility in Circle’s stock, while one brokerage maintains a substantially positive outlook based on its valuation framework.