JPMorgan Downgrades Circle Shares to Underweight, Sets $80 Price Target by 2026
JPMorgan has initiated coverage of Circle (CRCL) shares with an underweight rating and a $80 price target by December 2026. The analysts see the company as well-positioned in the stablecoin market due to its early-mover advantage and numerous use cases. However, JPMorgan’s analysts have downgraded their view on CRCL due to concerns over competition, regulatory … Read more