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JPMorgan upgraded Circle's rating from "Underweight" to "Overweight".

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On November 13, JPMorgan upgraded Circle (CRCL) from “Underweight” to “Overweight,” raising the target price from 94 USD to 100 USD, implying about a 16% rise potential. Analyst Kenneth Worthington noted that Circle's fundamentals have improved and the third-quarter performance was strong. Since its IPO at 31 USD, Circle's stock price has risen 178%, yet it remains 67% lower than its June peak. Worthington sees this as a buying opportunity. He stated that stablecoins are further entering mainstream finance, with Circle's USDC leading this trend. Following the upgrade, Circle's stock price rose over 1%.

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