JPMorgan Chase downgraded Circle's rating to "underweight" and predicted that the stock price may fall to $80 by the end of 2026
7 hours ago
Odaily News JPMorgan analysts have begun to pay attention to Circle (CRCL) stock, giving it an underweight rating and setting a target price of $80 in December 2026. Analyst Kenneth Worthington pointed out that the forecast target is a 55% drop from the current CRCL share price of $180, based on 45 times the expected 2027 earnings per share (EPS) plus a $10 upside potential premium. Given Circle's first-mover advantage and numerous use cases, it has a favorable position in the emerging stablecoin market, but its current market value is already too high. If the target price in December 2026 is $80, it means a market value of approximately $21 billion. (Cointelegraph)
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