Analyst downgrades Circle Internet Group stock due to stretched valuation

Circle Internet Group (CRCL) shares surged over 500% since its initial public offering, hitting almost $190 per share. JPMorgan recently downgraded the stock to “Underperform,” citing stretched valuation. Valuation multiples are high, suggesting investors anticipate huge growth, but analysts warn of downside risk. Analysts predict a modest 4% upside potential with a wide range of price targets. JPMorgan’s cautionary rating could trigger profit-taking among investors.

Read more at Yahoo Finance: Circle Stock Has Rallied Hard, But This Analyst Says It’s Now Time to ‘Sell’