Evercore ISI says buy the dip on Winklevoss twins’ Gemini Space Station
Gemini Space Station is a strong play for exposure to the digital asset ecosystem at the start of its new recovery cycle, according to Evercore ISI. Evercore analyst Adam Frisch initiated the cryptocurrency platform at an outperform rating and a $30 price target. That signals 19% upside from Monday’s close. Since its public debut last month, Gemini has slipped nearly 10%. The company priced its initial public offering at $28 per share. It closed Monday at $25.29. But Frisch was optimistic that the company was “building a bridge to the future of money.” “Though significantly smaller than its public peers, it is well-positioned to capture secular growth in digital assets while also regaining market share through a renewed focus on user acquisition,” wrote Evercore, one of Gemini’s IPO underwriters. “With multiple growth levers in play, Gemini is poised for durable top-line expansion across both retail and institutional markets.” Frisch noted that the backdrop for the digital asset ecosystem looks very positive, with Gemini positioned well to capture growth and share gains given its smaller scale versus larger peers. As another catalyst, the analyst also pointed to the credibility of the founders behind Gemini — well-known bitcoin investors and the billionaire Winklevoss twins. “Admittedly this story may be a bit early and not for all investors, but the combination of GEMI being uniquely positioned to grow much faster than its peer group, and the Winklevoss twins’ terrific track record of innovation and execution amidst the space’s strong secular tailwinds cause us to believe that the risk/reward is favorable at current levels,” Frisch wrote. ( Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here . )
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