Gemini’s (GEMI) Price Target Trimmed to $23; Bullish (BLSH) Upped to $77
Citi cut Gemini's price target to $23 due to slowing trading growth, but raised Bullish's target to $77 amid accelerating momentum.Summary
Citigroup analysts, led by Peter Christiansen, maintained a neutral, high-risk rating on crypto exchange Gemini (GEMI) but lowered its price target to $23 from $26. This adjustment comes despite strong marketing efforts like the Gemini Card, as early October trading volumes showed only marginal growth over September and lagged behind July and August figures, suggesting the impact on user engagement is delayed. Meanwhile, Citigroup increased the price target for Bullish (BLSH) to $77 from $70, reaffirming a buy/high-risk rating. This hike reflects accelerating momentum for Bullish, following its New York BitLicense approval and expanding institutional access, positioning it at the forefront of regulatory clarity for traditional finance adoption.
(Source：CoinDesk)