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Mizuho Securities upgraded CRCL's rating to neutral, stating that the adoption of Polymarket will benefit Circle.

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

Analysts Dan Dolev and Alexander Jenkins said: "All bets on Polymarket are settled in USDC, which means the growth of Polymarket will directly drive the growth of USDC. We expect the growth momentum of the prediction market to continue through 2026, which will translate into an increase in USDC market value, bringing incremental revenue to Circle."

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