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.