[Bernstein Maintains Outperform Rating for Circle, Target Price $140] BlockBeats News, August 6: Bernstein has reiterated its 'Outperform' rating for Circle with a target price of $140, stating that its Q2 financial report data counters market concerns about competition and declining reserve income. Analysts believe the market may be underestimating Circle's distribution capabilities, regulatory position, and the additional revenue streams brought by its Layer 1 network, Arc. [Original Link]