Analysts have sharply raised their outlook on Circle, with new price targets implying as much as a 48% upside for the stablecoin issuer’s stock.
The upgrades follow a renewed wave of optimism after Bernstein revised its outlook last week, with Clear Street and Mizuho now joining in lifting expectations for the company.
The bullish sentiment reflects growing confidence in Circle’s role as the issuer of USD Coin, the world’s second-largest stablecoin by market capitalisation.
Circle, founded in 2013 by Jeremy Allaire and Sean Neville, operates at the intersection of digital payments and blockchain infrastructure, with USDC widely used across trading, payments and decentralised finance.
USDC has grown to a market capitalisation of about $79.27 billion as of mid-March, reinforcing its position as a key pillar of the crypto financial system, and following the upgrades the Circle share price was up at $0.
The company’s 2025 public listing attracted strong investor demand, marking one of the most closely watched crypto-related IPOs in recent years.
The latest analyst revisions signal increasing institutional confidence in stablecoin-driven revenue models as regulatory clarity and adoption continue to expand globally.