Mizuho Upgrades Circle to Neutral Amid USDC Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 28 2026
0mins
Should l Buy CRCL?
Source: seekingalpha
Circle Internet Group Inc (CRCL) is experiencing a pre-market decline of 5.98%, hitting a 20-day low.
This movement comes despite Mizuho upgrading Circle from Underperform to Neutral, citing significant growth in Polymarket's prediction markets settled in USDC, which could enhance USDC's value. Mizuho also raised the price target for Circle from $70 to $77, anticipating a substantial increase in trading volume, which reflects a positive outlook for the company's future.
The upgrade indicates increased investor confidence, but the current price drop suggests a sector rotation as the broader market, including the Nasdaq-100 and S&P 500, is down, impacting Circle's stock performance.
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Analyst Views on CRCL
Wall Street analysts forecast CRCL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRCL is 143.07 USD with a low forecast of 65.00 USD and a high forecast of 280.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
10 Buy
4 Hold
3 Sell
Moderate Buy
Current: 50.230
Low
65.00
Averages
143.07
High
280.00
Current: 50.230
Low
65.00
Averages
143.07
High
280.00
About CRCL
Circle Internet Group, Inc. is a global financial technology company. It operates as a platform, network, and market infrastructure for stablecoin and blockchain applications and the issuer of a United States dollar-denominated stablecoin, USDC and a euro-denominated stablecoin, EURC (collectively Circle stablecoins). It provides a stablecoin network and a range of blockchain-specific software infrastructure. Its product offerings include Stablecoins, Developer Services, Integration Services, and Tokenized Funds. Developer Services develops an array of developer-ready and enterprise-grade infrastructure services that developers can plug into their own applications. It connects and integrates products, such as USDC across blockchain networks. Its Tokenized Funds are regulated yield-bearing investments for collateral use in capital markets. It also offers liquidity services, which provides institutional minting, reserving, redemption, and foreign exchange services for Circle stablecoins.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Regulatory Pressure: Following a downgrade of Tether's reserves by S&P Global Ratings and the absence of a full independent audit, investor skepticism regarding transparency and valuation has intensified, although Ardoino argues that their profitability is comparable to leading AI firms.
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See More
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