Mizuho Bank maintains Gemini's target price of $26, stating that the stock price has reflected the impact of executive departures

Mizuho Bank analysts Dan Dolev and Alexander Jenkins pointed out in a report on Wednesday that Gemini's stock price is close to historical lows, and recent volatility may have been reflected in the price. Despite the disappointing departures of COO, CFO, and CLO, Mizuho Bank reiterated its "outperform the market" rating and $26 target price for Gemini. Gemini's preliminary revenue is expected to be between $165 million and $175 million, higher than the median forecast of $168 million by Mizuho Bank; The adjusted EBITDA is expected to be negative 257 million to negative 267 million US dollars, weaker than the previously predicted negative 224 million US dollars. Analysts believe that cost cutting measures such as 25% layoffs and exiting the UK, EU, and Australian markets will help boost profitability. Mizuho Bank continues to value Gemini at 7 times its estimated revenue for 2027, with a target price of $43 in an optimistic scenario and $8 in a pessimistic scenario. Currently, Gemini's stock price is around $5.90, down 43% in the past 30 days.