Mizuho maintains "Underperform" rating on Circle, lowers price target to $43, approximately 48% lower than current price. Odaily reports that Mizuho Securities maintains its "Underperform" rating on Circle (CRCL) and lowers its price target to $43, approximately 48.1% lower than the current share price of $82.87. Mizuho warns that AI assistants could guide users towards higher-yielding and insurance-backed alternatives, thus weakening USDC's competitiveness. The firm expects this trend to put $4 billion to $9 billion of pressure on USDC's market capitalization and cause a 10% to 20% decline in Circle's reserve income. Furthermore, Mizuho lowered its 2027 EBITDA forecast for Circle by approximately 5%.