Galaxy Digital (GLXY) PT Raised to $44 at Rosenblatt

Rosenblatt analyst Chris Brendler raised the price target on Galaxy Digital (NASDAQ: GLXY) to $44.00 (from $35.00) while maintaining a Buy rating.

The analyst commented: "With many of our HPC-related stocks up triple-digits YTD, we view GLXY as a compelling opportunity with material additional upside potential even after an 118% gain YTD. In our view, the core Digital Assets franchise is underappreciated, and we expect strong 3Q25 results to boost the company's profile. In addition, GLXY is also levered to AI/HPC, and we expect progress on its significant power pipeline to add additional upside potential this quarter. Accordingly, we reiterate our BUY rating and increase our Price Target from $35 to $44, now based on 30x our 2027 Adjusted EBITDA estimate."

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Bank Leumi to offer digital asset trading via Galaxy partnership
• Bank Leumi Partners with Galaxy to be the First Bank in Israel to Offer Digital Asset Trading