JPMorgan raises Circle's target price, Ark Investment increases its stake in CRCL on dips.

Due to market concerns that the decline in interest rates will put pressure on future earnings, overshadowing better-than-expected third-quarter revenue and profits, the stock price of stablecoin issuer Circle experienced a big dump. However, JPMorgan believes its fundamentals are significantly improving, raising Circle's stock rating to “Overweight” with a target price of $100, while Ark Invest, which is actively positioning for the IPO, also increased its holdings during the decline.

(Circle still lost 200 million this year, interest rate cuts negatively impact reserve income, stock price fell big dump by 12%)

JPMorgan upgraded Circle to “Overweight,” target price $100.

In light of Circle's strong earnings in the third quarter and the success of the USDC stablecoin issuer in establishing important partnerships, JPMorgan analysts have upgraded the company's stock rating from “underweight” to “overweight” in their latest research report, with a target price of $100. The report states:

“Circle announced solid performance for Q3 2025, with key indicators exceeding expectations. We believe its fundamentals are significantly improving, and there are numerous use cases and large enterprises choosing to collaborate with Circle.”

JPMorgan expects that by 2026, Circle's USDC market share will increase, and the composition of USDC payment methods will also improve. With the continuous enhancement of the network, the adoption speed of USDC will accelerate, and the prospects for improved profit margins will become even brighter. The report also emphasizes that the on-chain activity and market capitalization growth rate of USDC have already surpassed its main competitor USDT.

However, JPMorgan also acknowledges that Circle is facing fierce competition from Tether as well as challenges from the decentralized exchange Hyperliquid, which is preparing to launch its native stablecoin. Additionally, several fintech companies are also preparing to launch their own dollar-pegged tokens, which means that the number of stablecoin issuers will significantly increase.

Ark adds positions on dips CRCL

Ark Invest, which actively positioned itself during the Circle IPO, also increased its holdings during the big dump, with Cathie Wood adding 353,328 shares of CRCL through multiple funds on 11/12. Its current holdings are:

ARKF: 376,791 shares of CRCL, valued at approximately 32.5 million USD, accounting for 2.78% of the fund's weight.

ARKK: 127,733 shares of CRCL, valued at approximately 11.1 million USD, accounting for 0.56% of the fund's weight.

ARKW: 108,940 shares of CRCL, valued at approximately 9.5 million USD, accounting for 1.03% of the fund's weight.

ARKX: 31,240 shares of CRCL, worth approximately 2.7 million USD, accounting for 0.55% of the fund's weight.

A total of 644,704 shares of CRCL are held, valued at approximately 55.8 million USD.

This article discusses JPMorgan raising the target price for Circle, while Ark Invest increases its position in CRCL at a lower price, first appearing on Chain News ABMedia.