Circle Internet (CRCL) Stock: March 2026 Analyst Updates Show Rising Confidence

Key Takeaways Circle Internet Group (CRCL) received a price target increase from Mizuho, moving from $100 to $120 while keeping a Neutral stance. For the first time since 2018, USDC volume has exceeded Tether (USDT), capturing 64% market share compared to its historical 30% average. Bernstein continues its Outperform rating with a $190 target, pointing to rapid stablecoin adoption as key growth driver. Year-to-date, CRCL shares have surged approximately 49%, currently trading between $114–$118 after more than doubling from February’s $50 low. USDC market capitalization has expanded 72% annually to roughly $75–$78 billion, with availability across 30 blockchain platforms. Circle Internet Group has emerged as a standout performer on Wall Street during the opening months of 2026. With gains of approximately 49% this year, the stock has significantly outpaced both a stagnant S&P 500 and a weakening Nasdaq 100. This impressive rally has captured renewed analyst interest and sparked debate about the stock’s remaining upside potential. Circle Internet Group, CRCL On Thursday, Mizuho elevated its CRCL price target to $120 from $100, though maintained its Neutral rating. The brokerage highlighted a dramatic enhancement in USDC’s competitive standing as the primary catalyst for the adjustment. For the first time in eight years, USDC transaction volume has overtaken Tether’s USDT, capturing a commanding 64% volume share. This marks a substantial departure from the roughly 30% average recorded between 2019 and 2025. The development signals a significant power shift within the stablecoin ecosystem. Mizuho’s 2027 forecasts also received upward revisions. The firm increased its meaningful wallet projection from 10 million to 11.7 million, while raising USDC market cap expectations from $123 million to $139 million. EBITDA projections climbed to $1,119 million from the previous $922 million estimate. The brokerage attributed its optimistic outlook to robust USDC transaction patt...