Mizuho raises Circle price target to $100 as oil rally and Fed outlook support USDC yield model

Circle Internet Group's stock climbed nearly 8% to $103.71 on Tuesday, its highest level in about four months, as Mizuho analysts lifted their price target from $90 to $100 while keeping a neutral rating. The bank argued that a recent jump in oil prices and reduced expectations for Federal Reserve rate cuts could modestly boost Circle's revenue outlook for 2026–2027 and more meaningfully support its valuation, even as long-term competitive pressure in stablecoins remains a concern.