Galaxy Digital (GLXY) Price Targets Hiked Across Street Following Record 3Q Earnings
Following record Q3 earnings, Cantor, Canaccord, and Benchmark all raised their price targets for Galaxy Digital shares.Summary
Galaxy Digital (GLXY) shares rose significantly after reporting record third-quarter earnings, which prompted several brokerage firms to increase their price targets. Cantor raised its target to $53 from $45, citing a higher valuation for the company’s data center business, while maintaining an overweight rating. Canaccord Genuity hiked its target to $50 from $34, viewing Galaxy as a solid play across crypto financial services and its evolving data center portfolio focused on AI hosting. Benchmark increased its target to $57 from $40, reflecting an updated sum-of-the-parts analysis that incorporates AI data center operations alongside existing segments. Benchmark noted that the valuation remains conservative as it only accounts for contracted capacity, leaving substantial future capacity uncounted. Cantor remains bullish, emphasizing strong performance across digital asset operations and increasing institutional adoption.
(Source：CoinDesk)