Circle Internet price target raised to $120 from $100 at Mizuho

Mizuho raised the firm’s price target on Circle Internet (CRCL) to $120 from $100 and keeps a Neutral rating on the shares. The firm increased Circle’s 2027 estimates citing USDC activity trends and use cases like Polymarket or agentic commerce expectations. While the company’s near-term trends are promising, the threat of lower rates over the medium-term and competition remains an overhang on the shares, the analyst tells investors in a research note. Mizuho says Circle’s volumes surpassed Tether in 2026 year-to-date for the first time since 2019.