Gemini initiated with an Outperform at Mizuho

Mizuho analyst Dan Dolev initiated coverage of Gemini (GEMI) with an Outperform rating and $30 price target The firm says the company offers a “differentiated” next-generation digital asset platform with a “compliance first” approach. Gemini benefits from a “strong secular tailwind of crypto adoption resembling the early internet days,” the analyst tells investors in a research note.