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.