Gemini Space Station (NASDAQ:GEMI) Coverage Initiated at The Goldman Sachs Group

Key Points

• The Goldman Sachs Group initiated coverage on Gemini Space Station (NASDAQ:GEMI) with a "neutral" rating and a price target of $25.00, indicating a modest potential upside from the stock's previous close.
• Other analysts have varied opinions, with ratings including "outperform" (Evercore ISI with a $30.00 target), "market perform" (Keefe, Bruyette & Woods at $27.00), and "buy" (Needham & Company at $42.00).
• As of now, Gemini Space Station's stock is rated as a "Moderate Buy" with a consensus target price of $31.64, reflecting a mix of analyst perspectives.

Equities research analysts at The Goldman Sachs Group started coverage on shares of Gemini Space Station (NASDAQ:GEMI - Get Free Report) in a research note issued on Tuesday,Briefing.com Automated Import reports. The firm set a "neutral" rating and a $25.00 price target on the stock. The Goldman Sachs Group's price objective points to a potential upside of 0.08% from the stock's previous close.

Other research analysts also recently issued reports about the stock. Evercore ISI assumed coverage on shares of Gemini Space Station in a research report on Tuesday. They set an "outperform" rating and a $30.00 target price for the company. Keefe, Bruyette & Woods began coverage on Gemini Space Station in a research report on Tuesday. They issued a "market perform" rating and a $27.00 target price for the company. Barclays initiated coverage on shares of Gemini Space Station in a research report on Tuesday. They set an "equal weight" rating and a $41.00 target price for the company. Morgan Stanley started coverage on shares of Gemini Space Station in a research note on Tuesday. They set an "equal weight" rating and a $29.00 price target on the stock. Finally, Needham & Company LLC assumed coverage on shares of Gemini Space Station in a report on Tuesday. They set a "buy" rating and a $42.00 target price on the stock. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.64.

Gemini Space Station Stock Down 1.2%

Shares of GEMI stock traded down $0.31 during trading on Tuesday, hitting $24.98. The company's stock had a trading volume of 760,421 shares, compared to its average volume of 5,211,170. 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.

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