Gemini Space Station (NASDAQ:GEMI) Now Covered by Analysts at Truist Financial

Key Points

• Analysts at Truist Financial have initiated coverage of Gemini Space Station (NASDAQ:GEMI) with a "buy" rating and a price target of $31.00, indicating a potential upside of 24.10% from its current price.
• Other analysts including Needham & Company and Rosenblatt Securities have also rated the stock as a buy, with price targets ranging from $30.00 to $42.00.
• Recently, shares of GEMI have traded down by 1.2% to $24.98, with a twelve-month trading range between $22.25 and $45.89.

Analysts at Truist Financial initiated coverage on shares of Gemini Space Station (NASDAQ:GEMI - Get Free Report) in a note issued to investors on Tuesday, MarketBeat.com reports. The firm set a "buy" rating and a $31.00 price target on the stock. Truist Financial's price objective suggests a potential upside of 24.10% from the company's current price.

GEMI has been the topic of a number of other reports. Needham & Company LLC initiated coverage on shares of Gemini Space Station in a report on Tuesday. They issued a "buy" rating and a $42.00 target price on the stock. Morgan Stanley assumed coverage on shares of Gemini Space Station in a report on Tuesday. They set an "equal weight" rating and a $29.00 price target on the stock. Wall Street Zen upgraded shares of Gemini Space Station to a "hold" rating in a report on Wednesday, September 24th. Rosenblatt Securities started coverage on shares of Gemini Space Station in a research report on Tuesday. They issued a "buy" rating and a $30.00 target price for the company. Finally, Cantor Fitzgerald started coverage on shares of Gemini Space Station in a report on Tuesday. They set an "overweight" rating and a $37.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Gemini Space Station presently has an average rating of "Moderate Buy" and a consensus target price of $31.64.

Gemini Space Station Stock Down 1.2%

Shares of NASDAQ:GEMI traded down $0.31 during trading on Tuesday, reaching $24.98. The company had a trading volume of 760,421 shares, compared to its average volume of 5,211,170. Gemini Space Station has a twelve month low of $22.25 and a twelve month 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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