Mizuho: GEMI could rise 400% as Gemini exits overseas to speed profitability

Mizuho said Gemini's plan to exit the UK, EU and Australia and cut roughly 25% of staff could accelerate the exchange's path to profit, while maintaining an Outperform and a $26 target. GEMI traded around $7.60 on Thursday after a $6.35 low a day earlier, and the firm's bull case envisions $43.