Mizuho Begins Coverage on Gemini Space Station (NASDAQ:GEMI)

Key Points

• Mizuho has initiated coverage on Gemini Space Station (NASDAQ:GEMI) with an "outperform" rating and a price target of $30.00, indicating a potential upside of 20.10%.
• Other analysts have also recommended the stock, with ratings ranging from "buy" to "hold," leading to an average consensus rating of "Moderate Buy" and a target price of $31.64.
• Currently, GEMI stock is trading at $24.98, down $0.31 during midday trading, with a one-year price range of $22.25 to $45.89.

Stock analysts at Mizuho began coverage on shares of Gemini Space Station (NASDAQ:GEMI - Get Free Report) in a report issued on Tuesday,Briefing.com Automated Import reports. The brokerage set an "outperform" rating and a $30.00 price target on the stock. Mizuho's price objective suggests a potential upside of 20.10% from the stock's current price.

GEMI has been the subject of a number of other reports. Wall Street Zen raised Gemini Space Station to a "hold" rating in a research note on Wednesday, September 24th. Evercore ISI started coverage on Gemini Space Station in a research note on Tuesday. They set an "outperform" rating and a $30.00 target price for the company. Needham & Company LLC assumed coverage on Gemini Space Station in a research note on Tuesday. They set a "buy" rating and a $42.00 target price for the company. Morgan Stanley assumed coverage on Gemini Space Station in a report on Tuesday. They set an "equal weight" rating and a $29.00 price target for the company. Finally, Keefe, Bruyette & Woods initiated coverage on Gemini Space Station in a report on Tuesday. They set a "market perform" rating and a $27.00 price target for the company. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $31.64.

Gemini Space Station Price Performance

GEMI stock traded down $0.31 during midday trading on Tuesday, hitting $24.98. 760,421 shares of the company's stock were exchanged, compared to its average volume of 5,211,170. Gemini Space Station has a 1-year low of $22.25 and a 1-year 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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