Mizuho Securities sees potential in Circle thanks to the rise of Polymarket

AirDropMissed · 2026-02-05T00:11:28+00:00

Circle captivates analysts with a bullish trajectory as Mizuho Securities upgrades its rating and raises the price target to $77. This reflects renewed confidence in Circle's growth, driven by the impressive expansion of Polymarket and the positive outlook for USDC.

AirDropMissed

2026-02-05 00:11:28

Abstract generation in progress

Circle attracts analyst attention with a bullish trajectory. Mizuho Securities has just upgraded its rating on the crypto payment platform and raised its price target to $77, signaling renewed confidence in the company’s growth prospects.

A rating upgrade above expectations

The upgrade to a neutral rating comes with an increased price target, reflecting Mizuho analysts’ confidence in Circle’s fundamentals. This revision occurs in a context where market data shows a positive momentum for the stablecoin ecosystem and decentralized payment services.

Polymarket and USDC: the growth engine for Circle

The key to this appreciation lies in the impressive growth of Polymarket, the prediction platform that uses USDC as a settlement mechanism. According to NS3.AI, this strategic alignment enhances the value of the USDC stablecoin issued by Circle. As Polymarket expands through 2026, analysts anticipate an increase in USDC’s market capitalization and a boost in revenue generated by Circle through its stablecoin-related services.

This dynamic demonstrates how Circle benefits from a positive network effect via the growing adoption of Polymarket, positioning the payment platform for sustained growth in the coming months.

USDC0.01%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.