Mizuho Cuts Circle Price Target to $43, Keeps Underperform Rating

Mizuho cut its price target for Circle to $43 and kept an Underperform rating. The firm estimates AI assistants could steer users toward higher-yielding, insured alternatives, pressuring USDC's market cap and Circle's reserve income. This bearish outlook reflects concerns about competitive threats from AI-driven financial products and the potential erosion of stablecoin dominance.