Cantor Fitzgerald lowered Gemini’s price target to $25 from $37, citing concerns on the expense front. Despite volatile crypto volumes, the firm believes elevated marketing spend will drive trading volume growth and approach profitability in the next few years. Near-term losses may exceed previous expectations.

Source: TheFly

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Read more at Yahoo Finance: Gemini price target lowered to $25 from $37 at Cantor Fitzgerald