Evercore ISI Begins Coverage on Gemini Space Station (NASDAQ:GEMI)

Key Points

• Evercore ISI has initiated coverage on Gemini Space Station (NASDAQ:GEMI) with an "outperform" rating and a price target of $30.00, suggesting an 18.62% potential upside.
• Other firms have also rated GEMI, with Cantor Fitzgerald setting a target of $37.00 and Needham & Company issuing a "buy" rating with a $42.00 target price.
• Currently, Gemini Space Station's average rating is "Moderate Buy" with an average price target of $33.57, while the shares are trading at approximately $25.29.

Analysts at Evercore ISI assumed coverage on shares of Gemini Space Station (NASDAQ:GEMI - Get Free Report) in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage set an "outperform" rating and a $30.00 price target on the stock. Evercore ISI's price target indicates a potential upside of 18.62% from the company's current price.

A number of other research firms have also issued reports on GEMI. Wall Street Zen upgraded Gemini Space Station to a "hold" rating in a research report on Wednesday, September 24th. Cantor Fitzgerald initiated coverage on shares of Gemini Space Station in a research note on Tuesday. They set an "overweight" rating and a $37.00 target price for the company. Morgan Stanley assumed coverage on Gemini Space Station in a report on Tuesday. They set an "equal weight" rating and a $29.00 price target on the stock. Needham & Company LLC assumed coverage on Gemini Space Station in a research report on Tuesday. They issued a "buy" rating and a $42.00 target price on the stock. Finally, Citigroup began coverage on shares of Gemini Space Station in a report on Tuesday. They issued a "neutral" rating and a $26.00 price objective for the company. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Gemini Space Station currently has an average rating of "Moderate Buy" and an average price target of $33.57.

Gemini Space Station Trading Up 2.1%

Shares of NASDAQ GEMI opened at $25.29 on Tuesday. Gemini Space Station has a 52-week low of $22.25 and a 52-week high of $45.89.

About Gemini Space Station

Our mission is to unlock the next era of financial, creative, and personal freedom. Gemini envisions a future where crypto will redesign the global financial system, the internet, and money in a way that provides greater choice, independence, and opportunity for all. As a trusted bridge between the traditional financial system and the emerging cryptoeconomy, we are providing access for individuals and institutions to a decentralized future that is more open, fair, and secure.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.