Circle Stock Falls as Mizuho Raises New AI Warning

TLDR Mizuho lowered Circle’s price target from $45 to $43 while maintaining its Underperform rating. AI assistants could direct USDC holders toward higher-yielding bank accounts, according to the brokerage. Analysts project a possible $4 billion to $9 billion decline in USDC circulation. Revenue forecasts for 2027 fell as Mizuho estimated up to 20% of reserve income could face pressure. Circle shares declined about 7% on Monday ahead of the company’s November 4 earnings report. Circle Internet Group faces fresh scrutiny from Wall Street after Mizuho cut its stock target, citing the role of artificial intelligence assistants in financial decisions. On October 26, Mizuho reduced its Circle target to $43 from $45 and kept its Underperform rating.

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