Mizuho analysts have raised Circle's (CRCL) target price from $90 to $100. Mizuho pointed out that the recent surge in crude oil prices and diminished expectations of Fed rate cuts are favorable for this stablecoin issuer. Since Circle's revenue primarily comes from interest on USDC reserves, the 'higher-for-longer' interest rate environment will support its profit model. Despite the strengthening macro backdrop, analysts still caution that as regulatory clarity improves, increased competition in the stablecoin industry could compress profit margins in the long term. Circle's stock price rose nearly 8% on Tuesday, hitting a nearly four-month high. (TheBlock) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=57522