Needham & Company LLC Begins Coverage on Gemini Space Station (NASDAQ:GEMI)

Key Points

• Needham & Company LLC has initiated coverage on Gemini Space Station (NASDAQ:GEMI), setting a "buy" rating and a price target of $42.00, indicating a potential upside of 66.07%.
• Citigroup has issued a "neutral" rating with a $26.00 price target, while Wall Street Zen upgraded the stock to a "hold" rating, contributing to an average rating of "Moderate Buy" overall.
• Currently, GEMI stock is trading at $25.29, with a one-year price range between $22.25 and $45.89.

Research analysts at Needham & Company LLC started coverage on shares of Gemini Space Station (NASDAQ:GEMI - Get Free Report) in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage set a "buy" rating and a $42.00 price target on the stock. Needham & Company LLC's price target would indicate a potential upside of 66.07% from the stock's current price.

GEMI has been the topic of a number of other reports. Citigroup began coverage on Gemini Space Station in a report on Tuesday. They issued a "neutral" rating and a $26.00 price objective on the stock. Wall Street Zen upgraded Gemini Space Station to a "hold" rating in a report on Wednesday, September 24th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $34.00.

Gemini Space Station Price Performance

GEMI stock opened at $25.29 on Tuesday. 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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