Bernstein Reiterates Outperform Rating for Circle, Sets Price Target at $140

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BlockBeats News, August 6th, Bernstein reiterates its "Outperform" rating on Circle with a target price of $140, believing that its second-quarter financial data has refuted the market's concerns about competition and declining reserve revenue.

The analyst stated that the market may be underestimating Circle's distribution capabilities, regulatory position, and additional revenue streams from its Layer 1 network, Arc.

Source: BlockBeats

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