JPMorgan downgraded Circle to "underweight", with target price reaching $80 by the end of 2026
According to online reports, JPMorgan analysts have begun to pay attention to Circle(CRCL) shares, give them a reduction rating, and set a target price of $80 for December 2026. Analysts at JPMorgan Chase released their first official Circle stock analysis report on Monday, with a forecast target of 55% lower than the current CRCL stock price of $180, based on a forecast of 45 times 2027 earnings per share (EPS) plus a $10 upside potential premium. The market value is expected to reach US$21 billion by the end of 2026. Analysts at JPMorgan believe that 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.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.