Gemini initiated with an Overweight at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage of Gemini (GEMI) with an Overweight rating and $37 price target After resolving the fallout from its failed “Earn” program and restoring customer assets, Gemini is positioned for renewed growth driven by higher marketing spend, rising trading volumes, and expanding assets on its platform, creating strong revenue potential and an appealing risk/reward profile with shares still below their IPO price, the analyst tells investors in a research note.