Major Test for the IPO Market This Week as Multiple Unicorns Prepare to Launch.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 11h ago
0mins
Should l Buy GEMI?
Source: Barron's
Stock Market Rally: The stock market rally is expanding, impacting the initial public offering (IPO) market positively.
Upcoming IPOs: Eight significant private companies are set to debut on Wall Street this week.
AI Companies: Among the upcoming IPOs, only two companies are recognized as leaders in artificial intelligence.
Market Trends: The trend indicates a diversification in the types of companies going public, beyond just tech-focused firms.
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Analyst Views on GEMI
Wall Street analysts forecast GEMI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GEMI is 18.78 USD with a low forecast of 11.00 USD and a high forecast of 26.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
6 Buy
3 Hold
0 Sell
Moderate Buy
Current: 7.620
Low
11.00
Averages
18.78
High
26.00
Current: 7.620
Low
11.00
Averages
18.78
High
26.00
About GEMI
Gemini Space Station, Inc. is a holding company. The Company, through its subsidiary, Gemini Space Station, LLC, offers a mobile and Web-based crypto asset exchange platform, proprietary wallet infrastructure and custody solutions, high-performance over-the-counter trading solutions tailored to institutions and professionals, a digital art auction platform, a proprietary United States dollar backed stablecoin, and a credit card product that offers crypto asset rewards on customer purchases. The Company operates globally and provides security solutions across all of its product offerings. Its platform simplifies and secures the process of buying, selling, storing, staking, and collecting digital assets. It provides accessible and straightforward educational resources to help its users understand the intricacies of crypto assets. Its Gemini Credit Card, an innovative credit card made available by Gemini, allows users to earn and grow crypto rewards every time they swipe.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Major Test for the IPO Market This Week as Multiple Unicorns Prepare to Launch.
Stock Market Rally: The stock market rally is expanding, impacting the initial public offering (IPO) market positively.
Upcoming IPOs: Eight significant private companies are set to debut on Wall Street this week.
AI Companies: Among the upcoming IPOs, only two companies are recognized as leaders in artificial intelligence.
Market Trends: The trend indicates a diversification in the types of companies going public, beyond just tech-focused firms.
See More
American Bitcoin Corp. Rapidly Accumulates Bitcoin Post-IPO
- Bitcoin Reserve Growth: Since its IPO, American Bitcoin Corp. has rapidly accumulated Bitcoin, currently holding 5,843 BTC valued at $520 million, making it the 18th largest Bitcoin holder, surpassing GameStop and Gemini.
- Market Competition Target: The company aims to surpass Galaxy Digital, the 17th largest Bitcoin holder, demonstrating its ambition in building Bitcoin infrastructure despite fierce competition.
- Stock Price Volatility: Since its launch, ABTC's stock has fallen approximately 76%, primarily due to the decline in Bitcoin prices and the expiration of the lock-up period, which allowed early investors to realize profits, reflecting market concerns about its future.
- Analyst Ratings: Roth Capital analyst initiated coverage with a “Buy” rating and a price target of $4, although the stock shows a weak trend in the short term, technical indicators suggest a potential buying opportunity for investors.
See More
Pinterest Cuts 15% Workforce to Focus on AI Transformation
- Layoff Plan: Pinterest plans to reduce its workforce by less than 15%, reallocating resources to AI-focused roles, which is expected to save the company approximately $175 million annually, supporting its transformation strategy.
- Transformation Goals: The company stated in an SEC filing that the layoffs will accelerate its sales and go-to-market transformation, prioritizing the development of AI-powered products and capabilities to enhance market competitiveness.
- Gemini Platform Shutdown: Gemini Space Station announced it will shut down its Nifty Gateway NFT platform on February 23, 2025, aiming to focus on building a one-stop super app, while still supporting NFTs through the Gemini Wallet.
- AI Impact Concerns: Anthropic CEO Dario Amodei expressed concerns about the potential disruption AI may cause to the job market, suggesting that its effects will be broader and faster than past technologies, potentially leading to greater labor market shocks.
See More
Gemini Shutters Nifty Gateway Amid NFT Market Decline
- Marketplace Closure: Gemini Trust announced the closure of its digital art token marketplace, Nifty Gateway, on February 23, 2026, highlighting a significant decline in NFT market prices and trading activity over recent years, prompting a strategic shift.
- Asset Transfer Guidance: Users of Nifty Gateway will receive instructions on transferring their USD or ETH balances and NFTs to Gemini's broader platform, indicating the company's transition towards building a 'one-stop super app' to adapt to market changes.
- Ongoing NFT Support: Despite the marketplace closure, Gemini will continue to support NFTs through the Gemini Wallet launched in August 2025, demonstrating the company's long-term commitment to the NFT ecosystem amid market challenges.
- Stock Price Reaction: Amidst fluctuating cryptocurrency prices, Gemini's stock slid 5.3% in afternoon trading, reflecting investor concerns regarding the company's future strategy and the prevailing market uncertainty.
See More
SEC Dismisses Lawsuit Against Gemini Trust Company
- Lawsuit Dismissal: The SEC formally dismissed its lawsuit against Gemini Trust Company on Friday, removing a long-standing legal overhang tied to the Gemini Earn program, although this legal victory did not boost GEMI's stock price.
- Muted Stock Reaction: Despite the resolution of legal issues, GEMI closed at $9.72 on Friday, down 3.48%, and has fallen over 7% in the past five trading days, indicating that investors remain cautious about broader regulatory risks.
- Full Asset Recovery: The dismissal followed the full recovery of digital assets owed to Gemini Earn customers through the Genesis bankruptcy process, highlighting significant progress in customer recoveries.
- Ongoing Regulatory Risks: The SEC noted that the dismissal does not reflect its stance on other crypto-related cases, underscoring that enforcement activity in the sector remains active, which investors need to monitor closely.
See More
BitGo (BTGO) Goes Public, Raises $212.8M with $2.59B Valuation
- Successful IPO: BitGo listed on the New York Stock Exchange, pricing its IPO at $18 per share, exceeding the expected range of $15-$17, successfully raising $212.8M, marking the first stock market debut by a digital asset company in 2026.
- Strong Stock Performance: On its first trading day, BitGo's stock opened at $22.43 per share, reflecting strong market demand for its crypto custody services and enhancing the company's influence in the digital asset space.
- NYSE Tokenized Securities Platform: The New York Stock Exchange announced the development of a tokenized securities trading platform aimed at enabling 24/7 trading and instant settlement, intending to modernize market infrastructure by integrating blockchain technology with traditional securities trading.
- Strategic Bitcoin Acquisition: Strategy reported acquiring 22,305 bitcoins for approximately $2.125B between January 12 and January 19, demonstrating its proactive positioning in the cryptocurrency market, now holding 709,715 bitcoins with a total investment of about $53.92B.
See More
Major Test for the IPO Market This Week as Multiple Unicorns Prepare to Launch.
Stock Market Rally: The stock market rally is expanding, impacting the initial public offering (IPO) market positively.
Upcoming IPOs: Eight significant private companies are set to debut on Wall Street this week.
AI Companies: Among the upcoming IPOs, only two companies are recognized as leaders in artificial intelligence.
Market Trends: The trend indicates a diversification in the types of companies going public, beyond just tech-focused firms.
See More
American Bitcoin Corp. Rapidly Accumulates Bitcoin Post-IPO
- Bitcoin Reserve Growth: Since its IPO, American Bitcoin Corp. has rapidly accumulated Bitcoin, currently holding 5,843 BTC valued at $520 million, making it the 18th largest Bitcoin holder, surpassing GameStop and Gemini.
- Market Competition Target: The company aims to surpass Galaxy Digital, the 17th largest Bitcoin holder, demonstrating its ambition in building Bitcoin infrastructure despite fierce competition.
- Stock Price Volatility: Since its launch, ABTC's stock has fallen approximately 76%, primarily due to the decline in Bitcoin prices and the expiration of the lock-up period, which allowed early investors to realize profits, reflecting market concerns about its future.
- Analyst Ratings: Roth Capital analyst initiated coverage with a “Buy” rating and a price target of $4, although the stock shows a weak trend in the short term, technical indicators suggest a potential buying opportunity for investors.
See More
Pinterest Cuts 15% Workforce to Focus on AI Transformation
- Layoff Plan: Pinterest plans to reduce its workforce by less than 15%, reallocating resources to AI-focused roles, which is expected to save the company approximately $175 million annually, supporting its transformation strategy.
- Transformation Goals: The company stated in an SEC filing that the layoffs will accelerate its sales and go-to-market transformation, prioritizing the development of AI-powered products and capabilities to enhance market competitiveness.
- Gemini Platform Shutdown: Gemini Space Station announced it will shut down its Nifty Gateway NFT platform on February 23, 2025, aiming to focus on building a one-stop super app, while still supporting NFTs through the Gemini Wallet.
- AI Impact Concerns: Anthropic CEO Dario Amodei expressed concerns about the potential disruption AI may cause to the job market, suggesting that its effects will be broader and faster than past technologies, potentially leading to greater labor market shocks.
See More
Gemini Shutters Nifty Gateway Amid NFT Market Decline
- Marketplace Closure: Gemini Trust announced the closure of its digital art token marketplace, Nifty Gateway, on February 23, 2026, highlighting a significant decline in NFT market prices and trading activity over recent years, prompting a strategic shift.
- Asset Transfer Guidance: Users of Nifty Gateway will receive instructions on transferring their USD or ETH balances and NFTs to Gemini's broader platform, indicating the company's transition towards building a 'one-stop super app' to adapt to market changes.
- Ongoing NFT Support: Despite the marketplace closure, Gemini will continue to support NFTs through the Gemini Wallet launched in August 2025, demonstrating the company's long-term commitment to the NFT ecosystem amid market challenges.
- Stock Price Reaction: Amidst fluctuating cryptocurrency prices, Gemini's stock slid 5.3% in afternoon trading, reflecting investor concerns regarding the company's future strategy and the prevailing market uncertainty.
See More
SEC Dismisses Lawsuit Against Gemini Trust Company
- Lawsuit Dismissal: The SEC formally dismissed its lawsuit against Gemini Trust Company on Friday, removing a long-standing legal overhang tied to the Gemini Earn program, although this legal victory did not boost GEMI's stock price.
- Muted Stock Reaction: Despite the resolution of legal issues, GEMI closed at $9.72 on Friday, down 3.48%, and has fallen over 7% in the past five trading days, indicating that investors remain cautious about broader regulatory risks.
- Full Asset Recovery: The dismissal followed the full recovery of digital assets owed to Gemini Earn customers through the Genesis bankruptcy process, highlighting significant progress in customer recoveries.
- Ongoing Regulatory Risks: The SEC noted that the dismissal does not reflect its stance on other crypto-related cases, underscoring that enforcement activity in the sector remains active, which investors need to monitor closely.
See More
BitGo (BTGO) Goes Public, Raises $212.8M with $2.59B Valuation
- Successful IPO: BitGo listed on the New York Stock Exchange, pricing its IPO at $18 per share, exceeding the expected range of $15-$17, successfully raising $212.8M, marking the first stock market debut by a digital asset company in 2026.
- Strong Stock Performance: On its first trading day, BitGo's stock opened at $22.43 per share, reflecting strong market demand for its crypto custody services and enhancing the company's influence in the digital asset space.
- NYSE Tokenized Securities Platform: The New York Stock Exchange announced the development of a tokenized securities trading platform aimed at enabling 24/7 trading and instant settlement, intending to modernize market infrastructure by integrating blockchain technology with traditional securities trading.
- Strategic Bitcoin Acquisition: Strategy reported acquiring 22,305 bitcoins for approximately $2.125B between January 12 and January 19, demonstrating its proactive positioning in the cryptocurrency market, now holding 709,715 bitcoins with a total investment of about $53.92B.
See More
