JPMorgan upgrades Circle's rating from Underweight to Overweight.
TechFlame
2025-11-13 12:59
TechFlame2025-11-13 12:59
English
TechFlame reports that JPMorgan has upgraded Circle (CRCL) from Underweight to Overweight, raising its price target from $94 to $100, implying an approximate 16% upside potential. Analyst Kenneth Worthington highlighted Circle's improved fundamentals and strong third-quarter performance. Since its IPO at $31, Circle's stock has surged 178%, though it remains 67% below its June peak. Worthington views this as a buying opportunity, noting that stablecoins are increasingly entering mainstream finance, with Circle's USDC leading the trend. Following the rating upgrade, Circle's stock rose by over 1%.