[JPMorgan Upgrades Circle Rating to 'Overweight,' Target Price Raised to $100] On November 13, JPMorgan upgraded Circle (CRCL) from 'Underweight' to 'Overweight,' raising the target price from $94 to $100, projecting approximately 16% upside potential. Analyst Kenneth Worthington stated that Circle's fundamentals have improved and its third-quarter performance was strong. Since its IPO at $31, Circle's stock price has risen by 178%, though it remains 67% below its June peak. Worthington sees this as a buying opportunity and highlighted that stablecoins are entering mainstream finance, with Circle's USDC playing a key role in this transition. Following the rating upgrade, Circle's stock price rose by over 1%.