Jefferies Starts Galaxy Digital (GLXY) at Buy

Jefferies analyst Jonathan Petersen initiates coverage on Galaxy Digital (NASDAQ: GLXY) with a Buy rating and a price target of $35.00.

The analyst comments: "GLXY is uniquely positioned to capture upside from a more favorable regulatory backdrop for crypto, and the growing demand for AI data centers. The CRWV lease at Helios was a transformational deal for GLXY, requiring a reconsideration of the value of that site. Similarly, the passage of the GENIUS Act provides favorable market structure for GLXY's Digital Assets business, and re-rates its value. We initiate with a Buy rating and $35 PT."

For an analyst ratings summary and ratings history on Galaxy Digital click here. For more ratings news on Galaxy Digital click here.

Shares of Galaxy Digital closed at $29.11 yesterday.

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