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JPMorgan Gives Circle 'Underweight' Rating, Sets End-of-2026 Target Price at $80
Summary: According to Cointelegraph, analysts at JPMorgan have started covering Circle (CRCL) stock, giving it an underweight rating and setting a target price of $80 by December 2026. Analyst Kenneth Worthington noted that the target represents a 55% decrease from the current CRCL price of $180, based on an estimated 45x 2027 earnings per share (EPS) ...
According to Cointelegraph, analysts at JPMorgan have started covering Circle (CRCL) stock, giving it an underweight rating and setting a target price of $80 by December 2026. Analyst Kenneth Worthington noted that the target represents a 55% decrease from the current CRCL price of $180, based on an estimated 45x 2027 earnings per share (EPS) plus a $10 upside potential premium. Despite Circle's first-mover advantage and numerous use cases, it holds a favorable position in the emerging stablecoin market, but its current valuation is deemed too high. If the target price for December 2026 is $80, this implies a market capitalization of around $21 billion.
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Link: JPMorgan Gives Circle 'Underweight' Rating, Sets End-of-2026 Target Price at $80 [Copy]
