JPMorgan gives Circle a "Underweight" rating, with a target price of $80 by the end of 2026

ChainCatcher news, according to Cointelegraph, JPMorgan analysts have begun to pay attention to Circle (CRCL) stock, giving it a downgrade rating and setting a target price of $80 for December 2026.

Analyst Kenneth Worthington pointed out that the forecast target represents a 55% decline from the current CRCL stock price of $180, based on an expected price-to-earnings (P/E) ratio of 45 times the estimated earnings per share (EPS) for 2027, plus a $10 potential upside premium. Given Circle's first-mover advantage and numerous use cases, it holds a favorable position in the emerging stablecoin market, but its current market capitalization is already too high. If the target price for December 2026 is $80, this implies a market capitalization of approximately $21 billion.