Chris Brendler, an analyst from Rosenblatt Securities, maintained the Buy rating on Gemini Space Station, Inc. Class A. The associated price target remains the same with $9.00.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Chris Brendler has given his Buy rating due to a combination of factors tied to Gemini Space Station’s first-quarter performance and outlook. While trading activity and several revenue lines came in soft, overall revenue still slightly exceeded expectations, helped by a meaningful improvement in the firm’s take rate on volumes and initial contributions from its newly launched prediction markets.
He also highlights better underlying card economics despite a one-off fraud-related charge, along with disciplined cost controls that drove sequential EBITDA improvement and significant headcount reduction, with further savings yet to be realized. Combined with the reaffirmed full-year 2026 guidance, a recent $100 million capital injection, and the stock’s strong positive reaction, these elements support his unchanged $9 price target and underpin his constructive Buy stance on GEMI shares.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GEMI in relation to earlier this year.