According to Evercore ISI, the Gemini Space Station is playing a powerful role as an exposure to the digital asset ecosystem at the start of a new recovery cycle. Evercore analyst Adam Frisch launched the cryptocurrency platform with an outperform rating and a target price of $30. This suggests a 19% rise from Monday’s closing price. Since its release debut last month, Gemini has fallen nearly 10%. The company priced its initial public offering at $28 per share. The closing price on Monday was $25.29. But Frisch was optimistic that the company is “building a bridge to the future of money.” Evercore, one of Gemini’s IPO underwriters, said, “Although it’s significantly smaller than listed companies, it is in a favorable position to capture the long-term growth of digital assets and regain market share by focusing on user acquisition.” “By leveraging multiple growth levers, Gemini is poised to continue to expand sales in both the retail and institutional markets,” Frisch noted that the background to the digital asset ecosystem appears to be very positive, and that Gemini is in a favorable position to capture growth and share profits given its smaller size than its larger peers. Another trigger was that analysts also pointed to the credibility of the founders behind Gemini: the famous Bitcoin investor and billionaire Winkleboss twins. “It certainly is a bit premature, and may not be directed at all investors, but the combination of GEMI’s unique position to grow much faster than its peers and the Winkleboss brothers’ great track record in innovation and execution amid the strong, long-term tailwinds of the sector makes us consider risk/rewards an advantage at the current level,” Frisch wrote. (Learn the best strategies for 2026 from within the NYSE with Josh Brown and others on CNBC PRO Live. Tickets and info here.)
