Gemini Space Station (NASDAQ:GEMI) Price Target Cut to $6.50 by Analysts at The Goldman Sachs Group

Key Points

• The Goldman Sachs Group cut its price target on Gemini Space Station to $6.50 (from $7.50) and maintained a "neutral" rating; the stock's consensus remains a Hold with an average target of $13.36 as multiple firms trim forecasts.
• Gemini faces significant legal and regulatory overhang, including a major class action tied to its Sept 2025 IPO and several securities‑fraud investigations and plaintiff‑firm notices, increasing litigation risk and investor uncertainty.
• Shares are trading near a 12‑month low (~$4.74) following a quarterly EPS miss (‑$1.22 vs. ‑$1.06), while an insider sold shares and several institutional investors have recently built sizable positions.

Gemini Space Station (NASDAQ:GEMI - Get Free Report) had its target price dropped by equities researchers at The Goldman Sachs Group from $7.50 to $6.50 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. The Goldman Sachs Group's price objective indicates a potential upside of 37.16% from the stock's previous close.

GEMI has been the subject of several other reports. Weiss Ratings restated a "sell (d)" rating on shares of Gemini Space Station in a research report on Monday, December 29th. Evercore cut shares of Gemini Space Station from an "outperform" rating to an "in-line" rating and set a $10.00 price objective on the stock. in a research note on Friday, February 6th. Truist Financial downgraded Gemini Space Station from a "buy" rating to a "hold" rating and set a $7.00 price objective for the company. in a report on Tuesday, February 17th. Needham & Company LLC lowered their target price on Gemini Space Station from $10.00 to $8.00 and set a "buy" rating for the company in a research report on Monday. Finally, Morgan Stanley cut their target price on Gemini Space Station from $29.00 to $13.00 and set an "equal weight" rating on the stock in a report on Monday, December 22nd. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $13.36.

Gemini Space Station Price Performance

Shares of NASDAQ:GEMI traded down $0.19 during midday trading on Thursday, hitting $4.74. 740,559 shares of the stock were exchanged, compared to its average volume of 1,707,367. The business's 50-day simple moving average is $7.67. Gemini Space Station has a 12 month low of $4.67 and a 12 month high of $45.89. The firm has a market cap of $557.56 million and a PE ratio of -1.56.

Gemini Space Station (NASDAQ:GEMI - Get Free Report) last issued its quarterly earnings data on Thursday, March 19th. The company reported ($1.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.06) by ($0.16). The company had revenue of $60.34 million for the quarter.

Insiders Place Their Bets

In other news, Director Sachin Chand Jaitly sold 39,708 shares of Gemini Space Station stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $8.92, for a total value of $354,195.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Investors Weigh In On Gemini Space Station

Several institutional investors and hedge funds have recently made changes to their positions in GEMI. North Reef Capital Management LP acquired a new stake in Gemini Space Station in the third quarter valued at approximately $5,878,000. Dragoneer Investment Group LLC acquired a new position in shares of Gemini Space Station during the third quarter worth approximately $38,815,000. Altimeter Capital Management LP bought a new position in shares of Gemini Space Station in the 3rd quarter worth $38,336,000. Atreides Management LP bought a new position in shares of Gemini Space Station in the 3rd quarter worth $1,677,000. Finally, Ghisallo Capital Management LLC bought a new position in shares of Gemini Space Station in the 3rd quarter worth $1,677,000.

Key Stories Impacting Gemini Space Station

Here are the key news stories impacting Gemini Space Station this week:

• Neutral Sentiment: Q4 earnings materials and the earnings‑call transcript are available; the company reported revenue of ~$60.3M but an EPS miss in the quarter (EPS ~$-1.22 vs. consensus ~$-1.06), which is being parsed by investors. Gemini Space Station, Inc. (GEMI) Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Reported short‑interest data in recent summaries are inconsistent/unreliable (values showing 0/NaN), so watch confirmed exchange reports for any genuine rise in short activity before drawing conclusions.
• Negative Sentiment: A major new class action has been filed against Gemini and certain officers in the SDNY related to the company’s Sept 2025 IPO and disclosures; that filing (docketed 26‑cv‑02261) is likely increasing legal risk, potential defense costs and investor uncertainty. Lead‑plaintiff motions/deadline details are being circulated. Pomerantz Law Firm Announces the Filing of a Class Action Against Gemini Space Station, Inc. and Certain Officers - GEMI
• Negative Sentiment: Multiple plaintiff law firms and investor‑service notices (Hagens Berman, Levi & Korsinsky, Faruqi & Faruqi, ClaimsFiler, Berger Montague, Schall, etc.) have issued alerts or filed suits and reminders about the May 18, 2026 lead‑plaintiff deadline — amplifying potential litigation follow‑through and selling pressure. GEMI UPDATE: Hagens Berman Alerts Gemini Space Station (GEMI) Investors to Securities Class Action Following 75% Post-IPO Collapse
• Negative Sentiment: Independent securities‑fraud investigations have been announced (law firms soliciting affected investors), adding to regulatory/legal overhang and increasing uncertainty around management disclosures and strategy shifts. Securities-Fraud Investigation Into Gemini Space Station, Inc. (GEMI) Announced – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
• Negative Sentiment: Analysts have trimmed forecasts and price targets (Rosenblatt cut its target but kept a “buy”; other firms including Needham and Mizuho lowered expectations), and at least one analyst cut its target by ~20% — analyst pressure is contributing to the decline. Analyst with 54% success rate cuts Gemini stock target by 20%
• Negative Sentiment: Coverage noting a new 52‑week low and continued post‑IPO collapse reinforces negative momentum and may prompt further selling from momentum and risk‑averse holders. Gemini Space Station NASDAQ: GEMI Sets New 52-Week Low - Should You Sell?

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. Gemini was founded in 2014 to be the most trusted, secure, and easy way to buy, sell, and store crypto assets.

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