JPMorgan Chase & Co. Initiates Coverage on Circle Internet Group (NYSE:CRCL)

JPMorgan, Bernstein initiate Circle coverage, with stark contrasts

It will either suffer from competition or become a “must-hold.”...

JPMorgan Chase & Co. Initiates Coverage on Circle Internet Group (NYSE:CRCL)

JPMorgan Chase & Co. initiated coverage on shares of Circle Internet Group in a research report on Monday. They issued an "underweight" rating and a $80.00 price objective on the stock.

JP Morgan Rates Circle ‘Underweight,’ Sets $80 Price Target

The company faces headwinds ranging from lower interest rates to the adoption of a CBDC in the EU, JP Morgan analysts wrote.

JPMorgan rates Circle underweight with $80 target by late 2026 - WorldNL Magazine

Analysts at JPMorgan, a major US investment bank, have initiated coverage of Circle (CRCL) shares with an underweight rating and a $80 price target by December 2026.JPMorgan’s analysts, led by Kenneth Worthington, on Monday presented their first formal Circle stock analysis in the “North America Equity Research” report, seen by Cointelegraph.Down 55% from the current CRCL price of $180, the forecast is based on a 45x multiple of projected 2027 e…

JPMorgan rates Circle underweight with $80 target by late 2026

While seeing Circle as well-positioned in the stablecoin market, JPMorgan analysts warned that competition is a potential threat to the stablecoin …