Gemini initiated with a Buy at Needham

Needham initiated coverage of Gemini (GEMI) with a Buy rating and $42 price target Gemini has notable potential growth driven by low-hanging fruit capture in staking and new asset listings, card growth which is driving 3x higher ARPU among the customer cohort, and new greenfield opportunities in tokenized real-world assets and down the line Prediction Markets which Needham views attractive markets to enter into, the analyst tells investors in a research note.