Truist Financial Issues Pessimistic Forecast for Gemini Space Station (NASDAQ:GEMI) Stock Price

Key Points

• Truist Financial has lowered its price target for Gemini Space Station (NASDAQ:GEMI) from $31.00 to $28.00, while still maintaining a "buy" rating on the stock.
• The average consensus target price for GEMI across analysts is $31.36, reflecting a "Moderate Buy" rating, with six analysts recommending "Buy" and six rating it as "Hold."
• Shares of Gemini Space Station recently traded at $19.98, significantly below their twelve-month high of $45.89, indicating volatility in stock performance.

Gemini Space Station (NASDAQ:GEMI - Get Free Report) had its price objective lowered by analysts at Truist Financial from $31.00 to $28.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. Truist Financial's price target indicates a potential upside of 40.14% from the stock's current price.

Several other equities analysts have also weighed in on GEMI. Needham & Company LLC assumed coverage on shares of Gemini Space Station in a report on Tuesday, October 7th. They set a "buy" rating and a $42.00 target price on the stock. Zacks Research upgraded shares of Gemini Space Station to a "hold" rating in a report on Wednesday, October 8th. Morgan Stanley assumed coverage on shares of Gemini Space Station in a report on Tuesday, October 7th. They set an "equal weight" rating and a $29.00 target price on the stock. The Goldman Sachs Group began coverage on shares of Gemini Space Station in a report on Tuesday, October 7th. They set a "neutral" rating and a $25.00 target price on the stock. Finally, Barclays began coverage on shares of Gemini Space Station in a report on Tuesday, October 7th. They issued an "equal weight" rating and a $41.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $31.36.

Gemini Space Station Stock Performance

Shares of NASDAQ:GEMI traded up $0.42 during midday trading on Friday, hitting $19.98. 730,104 shares of the company's stock traded hands, compared to its average volume of 3,886,587. Gemini Space Station has a twelve month low of $18.84 and a twelve month high of $45.89.

Institutional Investors Weigh In On Gemini Space Station

An institutional investor recently bought a new position in Gemini Space Station stock. SG Americas Securities LLC acquired a new stake in shares of Gemini Space Station, Inc. (NASDAQ:GEMI - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,561 shares of the company's stock, valued at approximately $325,000.

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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