Mizuho Securities upgrades Circle to neutral, sets $77 price target

Global investment bank Mizuho Securities has upgraded its rating for Circle to neutral and raised its price target to $77. Mizuho analysts Dan Dolev and Alexander Jenkyns explained that all wagers on the prediction market Polymarket are settled in USDC, meaning Polymarket's growth has a direct impact on the stablecoin. They forecast that the prediction market's expansion will continue into 2026, which they believe will lead to an increase in USDC's market capitalization and Circle's revenue.