Gemini Space Station, Inc. (NASDAQ:GEMI) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Gemini Space Station, Inc. (NASDAQ:GEMI) has received a consensus rating of "Moderate Buy" from eleven research firms, with six analysts recommending to buy and five suggesting to hold the stock.
• The average twelve-month target price for Gemini's stock is $31.64, while recent ratings from Barclays and Citigroup set targets at $41.00 and $26.00 respectively.
• As of the latest trading session, GEMI shares were priced at $25.31, with a 52-week range from $22.25 to $45.89.

Shares of Gemini Space Station, Inc. (NASDAQ:GEMI - Get Free Report) have received a consensus rating of "Moderate Buy" from the eleven research firms that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $31.6364.

Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of Gemini Space Station to a "hold" rating in a research note on Wednesday, September 24th. Barclays initiated coverage on Gemini Space Station in a report on Tuesday. They set an "equal weight" rating and a $41.00 price target for the company. Citigroup started coverage on Gemini Space Station in a report on Tuesday. They issued a "neutral" rating and a $26.00 target price for the company. Keefe, Bruyette & Woods started coverage on Gemini Space Station in a research note on Tuesday. They set a "market perform" rating and a $27.00 price target for the company. Finally, Morgan Stanley began coverage on Gemini Space Station in a research note on Tuesday. They set an "equal weight" rating and a $29.00 price target for the company.

Gemini Space Station Price Performance

Shares of GEMI traded up $0.02 during mid-day trading on Tuesday, hitting $25.31. 826,329 shares of the company's stock were exchanged, compared to its average volume of 5,211,170. Gemini Space Station has a fifty-two week low of $22.25 and a fifty-two 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.

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