Gemini Space Station (NASDAQ:GEMI) Raised to Hold at Zacks Research

Key Points

• Gemini Space Station has been upgraded to a "hold" rating by Zacks Research, reflecting a reassessment of its stock value.
• Research analysts from multiple firms, including Barclays and Cantor Fitzgerald, have initiated coverage and provided varying price targets ranging from $25.00 to $42.00.
• The stock currently holds a consensus rating of "Moderate Buy," with a price target of $31.64, while the stock price recently opened at $25.41.

Gemini Space Station (NASDAQ:GEMI - Get Free Report) was upgraded by Zacks Research to a "hold" rating in a report released on Wednesday,Zacks.com reports.

Several other research analysts also recently issued reports on the company. Barclays assumed coverage on Gemini Space Station in a research report on Tuesday. They set an "equal weight" rating and a $41.00 price objective for the company. Cantor Fitzgerald began coverage on Gemini Space Station in a report on Tuesday. They issued an "overweight" rating and a $37.00 price target for the company. Evercore ISI started coverage on Gemini Space Station in a report on Tuesday. They issued an "outperform" rating and a $30.00 price target for the company. The Goldman Sachs Group assumed coverage on shares of Gemini Space Station in a research note on Tuesday. They set a "neutral" rating and a $25.00 price objective for the company. Finally, Needham & Company LLC assumed coverage on shares of Gemini Space Station in a research report on Tuesday. They set a "buy" rating and a $42.00 price target for the company. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.64.

Gemini Space Station Stock Down 0.9%

GEMI stock opened at $25.41 on Wednesday. Gemini Space Station has a 12-month low of $22.25 and a 12-month high of $45.89.

Gemini Space Station Company Profile

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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