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CRCL
Benzinga
21 days

Circle Launches New Blockchain For Stablecoins: Goldman Sachs, JPMorgan Analysts Adjust Price Targets

1. Circle launched Arc, a blockchain for stablecoin finance. 2. Shares fell 3.62% despite positive second-quarter financial results. 3. Goldman Sachs maintains Neutral rating, lowers price target to $86. 4. JPMorgan holds Underweight rating but raises price target to $89. 5. Circle's long-term revenue guidance shows strong growth expectations.

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FAQ

Why Bearish?

Despite strong performance metrics, share price decline signals investor skepticism, which historically can lead to further losses.

How important is it?

Analysts' mixed ratings, a significant decline in share price, and new product announcements create immediate concerns for investors.

Why Short Term?

Current negative sentiment will likely impact CRCL price in the immediate future, similar to past trends post-earnings reports.

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