Analysts Bullish on Gemini Space Station with $30 Price Target Amid Credit Card Growth

Gemini Space Station's stock has stabilized NEAR $25 after a volatile debut, with analysts projecting a 20-30% upside to $30-$31.50 targets. Mizuho Securities aligns with the consensus at $30, while Needham's John Todaro stands as the street high at $42.

The exchange's crypto rewards credit card has emerged as a critical acquisition channel, with signups surging 287% year-to-date to 31,000. Half of cardholders have converted to active traders on the platform, demonstrating the product's effectiveness in driving engagement.

August's MiCA licensing win unlocks the EU market for staking and derivatives services, coinciding with the expiration of the IPO quiet period. Wall Street's coverage initiation shows cautious Optimism - six firms recommend buying while five suggest holding positions.