--- title: "Truist Financial Issues Pessimistic Forecast for Gemini Space Station (NASDAQ:GEMI) Stock Price" type: "News" locale: "en" url: "https://longbridge.com/en/news/293755022.md" description: "Truist Financial lowered its price target for Gemini Space Station (NASDAQ:GEMI) from $5.00 to $4.50, maintaining a 'hold' rating. This follows similar downgrades by other firms like Citigroup and Goldman Sachs. Despite recent institutional buying by hedge funds including Vanguard and UBS, the stock trades near its 12-month low with a consensus 'Hold' rating and an average target of $12.25." datetime: "2026-07-24T12:12:25.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293755022.md) - [en](https://longbridge.com/en/news/293755022.md) - [zh-HK](https://longbridge.com/zh-HK/news/293755022.md) generator: "portal-rs" --- # Truist Financial Issues Pessimistic Forecast for Gemini Space Station (NASDAQ:GEMI) Stock Price Gemini Space Station (NASDAQ:GEMI - Get Free Report) had its target price cut by Truist Financial from $5.00 to $4.50 in a research note issued on Friday,Benzinga reports. The firm currently has a "hold" rating on the stock. Truist Financial's price target points to a potential upside of 2.27% from the company's current price. Get **Gemini Space Station** alerts: GEMI has been the subject of a number of other reports. Wall Street Zen lowered shares of Gemini Space Station from a "hold" rating to a "sell" rating in a research report on Monday, June 15th. Citigroup lowered their price objective on Gemini Space Station from $5.50 to $4.00 and set a "sell" rating on the stock in a research report on Tuesday, April 28th. The Goldman Sachs Group dropped their price objective on Gemini Space Station from $6.50 to $5.75 and set a "neutral" rating for the company in a research note on Wednesday, April 8th. Weiss Ratings upgraded Gemini Space Station from a "sell (e+)" rating to a "sell (d)" rating in a research report on Friday, May 22nd. Finally, Rosenblatt Securities restated a "buy" rating and issued a $9.00 target price on shares of Gemini Space Station in a research note on Monday, May 18th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $12.25. **Get Our Latest Stock Report on Gemini Space Station** ## Gemini Space Station Trading Down 3.5% Shares of Gemini Space Station stock opened at $4.40 on Friday. Gemini Space Station has a 12-month low of $3.83 and a 12-month high of $45.89. The company has a market cap of $524.88 million and a price-to-earnings ratio of -1.11. The company's 50-day moving average price is $4.63 and its 200-day moving average price is $6.05. Gemini Space Station (NASDAQ:GEMI - Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.93) EPS for the quarter, missing the consensus estimate of ($0.90) by ($0.03). The company had revenue of $50.27 million for the quarter. The business's revenue was up 38.3% compared to the same quarter last year. On average, sell-side analysts predict that Gemini Space Station will post -3.37 earnings per share for the current year. ## Hedge Funds Weigh In On Gemini Space Station A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. bought a new position in shares of Gemini Space Station during the 3rd quarter valued at about $25,656,000. Van ECK Associates Corp purchased a new stake in Gemini Space Station in the third quarter worth approximately $9,328,000. Franklin Resources Inc. bought a new position in Gemini Space Station during the third quarter valued at approximately $2,963,000. UBS Group AG bought a new position in Gemini Space Station during the third quarter valued at approximately $31,994,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Gemini Space Station during the third quarter worth approximately $9,547,000. ## Gemini Space Station Company Profile (Get Free Report) 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. ## Featured Articles - Five stocks we like better than Gemini Space Station - Tesla Just Delivered Record Sales—So Why Did the Stock Sell Off? - Microsoft Earnings Are Coming—But Azure and CapEx Will Decide the Reaction - Premium Retail’s Stress Test Is Separating Winners From Losers - D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.* ## Should You Invest $1,000 in Gemini Space Station Right Now? Before you consider Gemini Space Station, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gemini Space Station wasn't on the list. While Gemini Space Station currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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