Circle stock gets $140 target after mixed Q2 results
Aug 06 2026 18:55 UTC
Circle stock gained on Thursday after Bernstein reiterated its Outperform rating and $140 target, arguing that the stablecoin issuer’s mixed second-quarter results challenged the bearish case against the company. Bernstein argues Circle’s results challenge bears Bernstein analyst...
➤ Circle's Q2 results, while mixed on revenue, showed strong profitability and growth in USDC circulation, challenging bearish market sentiment.
➤ Analyst firm Bernstein reiterated an 'Outperform' rating and a $140 target for Circle stock, citing its potential as infrastructure beyond just reserve income.
➤ The upcoming launch of Circle's Arc blockchain and partnerships are expected to diversify revenue streams, reducing reliance on interest income from USDC reserves.
Read more at: https://rwatimes.io/articles/coinmarketcap-circle-stock-gets-140-target-after-mixed-q-2-results-3920438237?utm_source=binance
Aug 06 2026 18:55 UTC
Circle stock gained on Thursday after Bernstein reiterated its Outperform rating and $140 target, arguing that the stablecoin issuer’s mixed second-quarter results challenged the bearish case against the company. Bernstein argues Circle’s results challenge bears Bernstein analyst...
➤ Circle's Q2 results, while mixed on revenue, showed strong profitability and growth in USDC circulation, challenging bearish market sentiment.
➤ Analyst firm Bernstein reiterated an 'Outperform' rating and a $140 target for Circle stock, citing its potential as infrastructure beyond just reserve income.
➤ The upcoming launch of Circle's Arc blockchain and partnerships are expected to diversify revenue streams, reducing reliance on interest income from USDC reserves.
Read more at: https://rwatimes.io/articles/coinmarketcap-circle-stock-gets-140-target-after-mixed-q-2-results-3920438237?utm_source=binance