Mizuho Securities Upgrades CRCL Rating to Neutral, Says Polymarket Adoption Will Benefit Circle

BlockBeats News, January 29th, Mizuho Securities reversed its stance on Circle, upgrading CRCL stock rating to 'Neutral' and raising its target price to $77. It said on Wednesday that the growing popularity of the prediction market platform Polymarket could drive the company's stock higher.

Analysts Dan Dolev and Alexander Jenkins stated: "All bets on Polymarket settle in USDC, meaning Polymarket's growth will directly drive USDC's growth. We expect the momentum of the forecast market in 2026 to continue, translating into an increase in USDC's market value and incremental revenue for Circle."