Mizuho cuts Circle price target to $43, maintains “Underperform” rating
On October 27, Mizuho lowered its price target for Circle from $45 to $43 and maintained its “Underperform” rating on $CRCL shares. The firm noted that as AI agents steer USDC holders toward higher-yielding fiat alternatives or other platforms, Circle’s reserve income faces a 10%–20% downside risk over the medium term.
On October 27, Mizuho lowered its price target for Circle from $45 to $43 and maintained its “Underperform” rating on $CRCL shares. The firm noted that as AI agents steer USDC holders toward higher-yielding fiat alternatives or other platforms, Circle’s reserve income faces a 10%–20% downside risk over the medium term.