Gemini price target lowered to $14 from $25 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on Gemini (GEMI) to $14 from $25 and keeps an Overweight rating on the shares. The firm’s updated model accounts for a weaker crypto trading market in November, December, and so far in January, the analyst tells investors in a research note. While Cantor expects volumes to be down in 2026 vs. 2025 for most major exchanges, something that is not unique to Gemini, the firm expects Gemini’s path to profitability to take longer.