Galaxy Digital Shares Rise with Record Revenue

Galaxy Digital Shares Rise by 8%

Galaxy Digital captured investor attention by increasing its shares by 8% following record revenues in the third quarter. This development has led many brokerage firms to revise their stock price targets upwards.

Revisions of Brokerage Firms' Target Prices

Cantor Fitzgerald raised its target price from $45 to $53, while Canaccord Genuity increased its target from $34 to $50. Benchmark revised its target price from $40 to $57. All these firms maintain optimistic assessments for Galaxy Digital.

Diversification and Growth Expectations

The optimism in the market revolves around Galaxy Digital's diversified growth strategies, robust digital asset transactions, and expanding AI-focused data center operations. These factors are seen as the company's long-term growth engines.