Circle stock price breaks through $90, Bernstein believes it has "significantly decoupled" from cryptocurrencies, while Mizuho Bank points out that Polymarket will boost the stock price.

CoinNetwork · 2026-02-26T22:05:44+00:00

Circle (CRCL) stock price breaks above $90, reaching a new high, mainly due to Bernstein reaffirming a "buy" rating and a target price of $190, while also emphasizing the better-than-expected Q4 performance. Mizuho Securities raised the target price to $90 but maintained a "Neutral" rating, noting that USDC growth benefits from the prediction market.

CoinNetwork

2026-02-26 22:05:44

Abstract generation in progress

Circle (CRCL) stock price once surged past $90, reaching the highest level since mid-November. Previously, Bernstein reaffirmed a “Outperform” rating on Circle with a target price of $190, noting that the company’s Q4 revenue and adjusted EBITDA exceeded expectations, achieving a “decoupling from the cryptocurrency business.” Bernstein emphasized strong growth in trading revenue, including income from its Canton network validation nodes and USDC holdings on its platform accounting for 17% of the total supply. Mizuho Securities raised its target price to $90 but maintained a “Neutral” rating. Mizuho pointed out that the growth of USDC was mainly driven by prediction markets like Polymarket, and also noted that rate cuts could pose risks to reserve income.

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