Galaxy Digital (NASDAQ:GLXY) Stock Rating Reaffirmed as Buy by Chardan Capital

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

A number of other analysts have also issued reports on the company. Piper Sandler lowered their price target on Galaxy Digital from $33.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, October 20th. Weiss Ratings lowered Galaxy Digital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. Zacks Research upgraded Galaxy Digital from a “strong sell” rating to a “hold” rating in a report on Friday, September 18th. Citigroup upgraded Galaxy Digital from a “neutral” rating to a “buy” rating and upped their target price for the stock from $26.00 to $28.00 in a report on Tuesday, October 13th. Finally, Morgan Stanley lowered their target price on Galaxy Digital from $48.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, October 9th. Eleven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.67.

Galaxy Digital Trading Up 9.6%

Shares of NASDAQ GLXY traded up $1.50 during trading hours on Tuesday, reaching $17.18. The stock had a trading volume of 10,278,888 shares, compared to its average volume of 6,386,440. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.04. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of -26.43 and a beta of 5.11. The business’s fifty day moving average price is $22.31 and its two-hundred day moving average price is $24.42. Galaxy Digital has a 52-week low of $14.19 and a 52-week high of $38.54.

Galaxy Digital (NASDAQ:GLXY) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.54. The firm had revenue of $8.69 billion during the quarter. Galaxy Digital had a negative return on equity of 6.25% and a negative net margin of 0.75%. Analysts expect that Galaxy Digital will post -0.59 EPS for the current fiscal year.

Insider Activity

In other Galaxy Digital news, Director Steven Bandrowczak acquired 5,100 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was purchased at an average price of $19.63 per share, for a total transaction of $100,113.00. Following the acquisition, the director owned 39,186 shares in the company, valued at approximately $769,221.18. This trade represents a 14.96% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Matthew W. Friedrich sold 4,993 shares of the stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $27.03, for a total value of $134,960.79. Following the sale, the insider owned 275,782 shares of the company’s stock, valued at approximately $7,454,387.46. This represents a 1.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 51.53% of the company’s stock.

Institutional Trading of Galaxy Digital

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

More Galaxy Digital News

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

• Positive Sentiment: Galaxy reported third-quarter adjusted earnings of $0.83 per share, well above the $0.29 consensus estimate. Revenue reached approximately $8.69 billion, while reported net income was about $323 million. Galaxy Announces Third Quarter 2026 Financial Results
• Positive Sentiment: Coverage highlighted stronger revenue from Galaxy’s AI data-center operations, suggesting the company’s expansion beyond cryptocurrency trading and investments may be gaining traction. Its own investments also benefited from a rebound during the quarter. Galaxy Digital reports $323M quarterly profit as AI data center revenue surges
• Positive Sentiment: Chardan Capital reaffirmed its buy rating and set a $35 price target. BTIG Research also maintained a buy rating with a $35 target, indicating substantial potential upside from recent trading levels. Chardan Capital rating
• Neutral Sentiment: Management’s earnings call provided additional detail on quarterly performance and the expansion of data-center operations, which investors will assess for evidence that the higher-growth businesses can offset cryptocurrency-market volatility. Galaxy Digital Q3 2026 Earnings Call Transcript
• Negative Sentiment: Not all analyst revisions were positive: BTIG reduced its target from $45 to $35, while Rosenblatt cut its target from $35 to $30, reflecting continued uncertainty despite their buy ratings. Galaxy also remains unprofitable on some reported measures, with negative net margin and return on equity cited in the earnings coverage. Rosenblatt Securities rating

Galaxy Digital Company Profile

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.