The Goldman Sachs Group Lowers Gemini Space Station (NASDAQ:GEMI) Price Target to $6.50

Gemini Space Station (NASDAQ:GEMI) had its price target lowered by equities researchers at The Goldman Sachs Group from $7.50 to $6.50 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price suggests a potential upside of 58.15% from the stock’s previous close.

GEMI has been the topic of several other reports. Truist Financial lowered shares of Gemini Space Station from a “buy” rating to a “hold” rating and set a $7.00 price objective on the stock. in a research note on Tuesday, February 17th. Morgan Stanley decreased their target price on shares of Gemini Space Station from $29.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, December 22nd. Mizuho lowered their price target on Gemini Space Station from $26.00 to $12.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Citigroup cut Gemini Space Station from a “neutral” rating to a “sell” rating and dropped their price target for the company from $13.00 to $5.50 in a research report on Wednesday, March 18th. Finally, Rosenblatt Securities reduced their price objective on Gemini Space Station from $11.50 to $9.00 and set a “buy” rating for the company in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $13.36.

Gemini Space Station Price Performance

GEMI stock opened at $4.11 on Thursday. The firm has a market capitalization of $483.54 million and a P/E ratio of -1.36. The company has a 50 day moving average price of $7.41. Gemini Space Station has a twelve month low of $4.06 and a twelve month high of $45.89.

Gemini Space Station (NASDAQ:GEMI) last announced its earnings results on Thursday, March 19th. The company reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of ($1.06) by ($0.16). The firm had revenue of $60.34 million for the quarter.

Insider Buying and Selling

In other Gemini Space Station news, Director Sachin Chand Jaitly sold 39,708 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $8.92, for a total transaction of $354,195.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Trading of Gemini Space Station

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in Gemini Space Station during the third quarter worth about $325,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Gemini Space Station in the 3rd quarter valued at approximately $248,000. SBI Securities Co. Ltd. acquired a new position in Gemini Space Station during the 3rd quarter worth approximately $51,000. Ground Swell Capital LLC acquired a new position in Gemini Space Station during the 3rd quarter worth approximately $229,000. Finally, Vanguard Group Inc. purchased a new position in shares of Gemini Space Station during the 3rd quarter worth approximately $25,656,000.

Gemini Space Station News Roundup

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

• Neutral Sentiment: Goldman Sachs cut its price target on GEMI to $6.50 while keeping a “neutral” rating, tempering one source of buy-side support for the stock. Benzinga: Goldman Sachs lowers PT
• Negative Sentiment: A wave of securities class actions and law‑firm solicitations has been launched against GEMI alleging misleading IPO disclosures, a concealed “corporate pivot,” and executive turmoil; firms are urging investors to file claims and noting a May 18, 2026 lead‑plaintiff deadline — increasing potential legal costs, management distraction, and downside risk. GEMI UPDATE: Hagens Berman Alerts Gemini Space Station (GEMI) Investors to Securities Class Action Kessler Topaz announces suit Pomerantz class action notice
• Negative Sentiment: Multiple other national firms (Faruqi & Faruqi, Berger Montague, Bernstein Liebhard, Bragar Eagel & Squire, Glancy Prongay Wolke, The Gross Law Firm, ClaimsFiler, etc.) are investigating or soliciting clients — signaling broad legal attention and a meaningful reputational hit. Investors face consolidation of claims and possible future settlements or judgments. Faruqi & Faruqi investor alert
• Negative Sentiment: Analyst and market commentary are turning more pessimistic beyond the PT cut: independent reports note a 52‑week low and at least one firm (Rosenblatt) issuing a negative outlook, which can accelerate selling pressure and reduce near‑term liquidity. Gemini Space Station Sets New 52-Week Low Rosenblatt issues pessimistic forecast

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