Chardan Capital Reaffirms Buy Rating for Galaxy Digital (NASDAQ:GLXY)

Galaxy Digital (NASDAQ:GLXY)‘s stock had its “buy” rating reaffirmed by stock analysts at Chardan Capital in a research report issued on Tuesday, Benzinga reports. They currently have a $35.00 price target on the stock. Chardan Capital‘s price target indicates a potential upside of 103.73% from the company’s current price.

Several other equities research analysts also recently commented on the stock. Citigroup upgraded shares of Galaxy Digital from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $26.00 to $28.00 in a research report on Tuesday, October 13th. Maxim Group cut their target price on shares of Galaxy Digital from $46.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, October 22nd. Zacks Research upgraded shares of Galaxy Digital from a “strong sell” rating to a “hold” rating in a research report on Friday, September 18th. Piper Sandler dropped their price target on shares of Galaxy Digital from $33.00 to $25.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 20th. Finally, Rosenblatt Securities dropped their price target on shares of Galaxy Digital from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday. Eleven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $35.67.

Galaxy Digital Trading Up 9.6%

NASDAQ:GLXY traded up $1.50 during mid-day trading on Tuesday, hitting $17.18. 10,278,888 shares of the company’s stock were exchanged, compared to its average volume of 6,386,440. The company has a 50 day simple moving average of $22.31 and a 200-day simple moving average of $24.42. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.04. Galaxy Digital has a fifty-two week low of $14.19 and a fifty-two week high of $38.54. The firm has a market capitalization of $6.72 billion, a P/E ratio of -26.43 and a beta of 5.11.

Galaxy Digital (NASDAQ:GLXY) last posted its earnings results on Tuesday, October 27th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.29 by $0.54. Galaxy Digital had a negative net margin of 0.75% and a negative return on equity of 6.25%. The business had revenue of $8.69 billion for the quarter. As a group, research analysts expect that Galaxy Digital will post -0.59 earnings per share for the current year.

Insider Activity at Galaxy Digital

In related news, Director Steven Bandrowczak bought 5,100 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average price of $19.63 per share, for a total transaction of $100,113.00. Following the transaction, the director directly owned 39,186 shares of the company’s stock, valued at approximately $769,221.18. The trade was a 14.96% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Douglas Deason purchased 12,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were acquired at an average price of $21.54 per share, with a total value of $258,480.00. Following the purchase, the director directly owned 71,000 shares in the company, valued at $1,529,340. This represents a 20.34% increase in their position. The SEC filing for this purchase provides additional information. 51.53% of the stock is owned by corporate insiders.

Institutional Trading of Galaxy Digital

A number of hedge funds and other institutional investors have recently bought and sold shares of GLXY. Apollon Wealth Management LLC grew its stake in shares of Galaxy Digital by 8.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 55,164 shares of the company’s stock worth $1,254,000 after acquiring an additional 4,330 shares in the last quarter. Inspire Investing LLC grew its stake in shares of Galaxy Digital by 58.9% in the 3rd quarter. Inspire Investing LLC now owns 23,374 shares of the company’s stock worth $532,000 after acquiring an additional 8,665 shares in the last quarter. Reyes Financial Architecture Inc. bought a new stake in shares of Galaxy Digital in the 3rd quarter worth $30,000. Blue Jean Financial LLC grew its stake in shares of Galaxy Digital by 6.8% in the 3rd quarter. Blue Jean Financial LLC now owns 148,911 shares of the company’s stock worth $3,386,000 after acquiring an additional 9,440 shares in the last quarter. Finally, Clark Financial Services Group Inc. BD grew its stake in shares of Galaxy Digital by 10.4% in the 3rd quarter. Clark Financial Services Group Inc. BD now owns 18,250 shares of the company’s stock worth $415,000 after acquiring an additional 1,717 shares in the last quarter.

Trending Headlines about Galaxy Digital

Here are the key news stories impacting Galaxy Digital this week:

• Positive Sentiment: Strong Q3 earnings beat: Galaxy reported adjusted earnings of $0.83 per share, well above the $0.29 consensus estimate. Revenue reached $8.69 billion, while reported quarterly net income was approximately $323 million. Galaxy Announces Third Quarter 2026 Financial Results
• Positive Sentiment: Business diversification is gaining traction: Coverage highlighted surging revenue from Galaxy’s AI data-center operations, while a rebound in the company’s investments also supported the quarter’s profit. This may reduce investors’ reliance on cryptocurrency-market trading results over time. Galaxy Digital Reports $323M Quarterly Profit
• Positive Sentiment: Analysts remain bullish: Chardan Capital reaffirmed its “buy” rating with a $35 price target. Maxim Group also raised its Q3 earnings forecast, reinforcing the improved near-term earnings outlook. Chardan Capital Galaxy Digital Rating
• Neutral Sentiment: Analyst targets were recalibrated: BTIG Research cut its target from $45 to $35 and Rosenblatt Securities reduced its target from $35 to $30, but both firms retained “buy” ratings. The reductions suggest analysts see upside while taking a more cautious view of valuation and execution risk.
• Negative Sentiment: Recent performance remains a concern: GLXY has fallen sharply from its 2025 peak and remains highly volatile, reflecting sensitivity to cryptocurrency prices, investment gains and losses, and broader risk appetite. Investors may also continue to focus on the company’s historically inconsistent profitability despite the latest earnings beat. Galaxy Digital Stock Performance

About Galaxy Digital

Galaxy Digital is a financial services and investment management company focused on digital assets and blockchain technology. Founded in 2018 by Michael Novogratz, the company provides institutional investors, corporations and other market participants with services spanning trading, asset management, investment banking, principal investments and venture capital.

Its offerings include spot and derivatives trading, lending and structured products, digital-asset funds and separately managed accounts, as well as advisory services for mergers, acquisitions, capital raising and other strategic transactions.