Evercore ISI lowered the firm’s price target on Gemini (GEMI) to $15 from $30 and keeps an Outperform rating on the shares. The firm adjusted earnings expectations due to market conditions, updated its valuation model from FY26 to FY27, and lowered its base-case multiple to consider the sector’s broad multiple compression, the analyst tells investors.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GEMI:
- Gemini price target lowered to $17 from $28 at Truist
- Crypto Currents: Upbit plans IPO, Revolut hits $75B valuation
- Crypto Currents: Kraken confidentially files for IPO
- Gemini price target lowered to $19 from $22 at Goldman Sachs
- Kraken’s Secret IPO Paperwork Fuels a New Fight for Crypto Market Credibility