Gemini Stock Plummets Amid Crypto Downturn | Business and Finance News

Gemini Space Station’s stock plummeted over nine percent today, hitting as low as thirteen percent — a brutal sell-off fueled by major analysts slashing price targets across the board. Despite some still seeing upside, firms like Goldman Sachs kept their sell ratings, while others like Rosenblatt, Mizuho, and Needham revised down future valuations. The crypto market’s slump is taking a heavy toll, especially after Gemini’s Q2 report revealed a worse-than-expected loss despite slightly better-than-anticipated sales. With transaction volumes falling in line with broader crypto trends, analysts say the company’s fate remains tied to the volatile crypto landscape — and investors may be looking elsewhere for better growth opportunities. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/28b7b2c129610bd4