Mizuho Bank analysts raise Circle's target price, citing surging oil prices and interest rate outlook as positive for stablecoin trading

PANews March 4th news, according to The Block, due to geopolitical tensions pushing up oil prices and weakening expectations for interest rate cuts, Mizuho Bank analysts raised Circle's target stock price from $90 to $100, maintaining a "neutral" rating. Analysts believe that changes in interest rate expectations may have a greater impact on Circle's valuation multiples than on boosting short-term revenue. Circle's main source of income comes from the interest earnings on USDC reserve assets. Rising oil prices intensify inflation concerns, and the market's expectation that interest rates will not be cut in 2026 is strengthening, which is beneficial for locking in stable interest income. Although the macro environment is improving, analysts warn that after stablecoin regulation becomes clearer, market competition may intensify, potentially compressing industry profit margins in the long term.