Gemini price target lowered to $11 from $17 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Gemini (GEMI) to $11 from $17 and keeps a Neutral rating on the shares. The group remains selectively attractive, supported by forecast 2026 growth of 10% revenue and 8% adjusted EBITDA, with a preference for crypto infrastructure, secular growth areas like prediction markets and tokenization, and structurally advantaged businesses, the analyst tells investors in a research note. The base case assumes continued regulatory reform driving broader institutional adoption, though failure of U.S. crypto market structure legislation would pose a meaningful risk, Goldman adds.