Galaxy Digital’s (GLXY) “Buy” Rating Reiterated at Chardan Capital

Galaxy Digital (NASDAQ:GLXY)‘s stock had its “buy” rating reaffirmed by equities research analysts at Chardan Capital in a research report issued on Tuesday, Benzinga reports. They presently have a $35.00 price target on the stock. Chardan Capital‘s target price points to a potential upside of 97.35% from the company’s current price.

Several other research firms have also issued reports on GLXY. Maxim Group reduced their target price on shares of Galaxy Digital from $46.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, October 22nd. Zacks Research upgraded shares of Galaxy Digital from a “strong sell” rating to a “hold” rating in a research note on Friday, September 18th. Weiss Ratings lowered shares of Galaxy Digital from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Piper Sandler reduced their target price on shares of Galaxy Digital from $33.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, October 20th. Finally, Citigroup upgraded shares of Galaxy Digital from a “neutral” rating to a “buy” rating and increased their price target for the company from $26.00 to $28.00 in a research report on Tuesday, October 13th. Eleven 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.29.

Galaxy Digital Price Performance

Shares of Galaxy Digital stock traded up $0.56 during trading on Tuesday, reaching $17.74. 1,357,879 shares of the company traded hands, compared to its average volume of 6,361,087. The company has a 50 day moving average price of $22.10 and a 200-day moving average price of $24.33. Galaxy Digital has a 1-year low of $14.19 and a 1-year high of $38.00. The firm has a market capitalization of $6.93 billion, a PE ratio of -27.24 and a beta of 5.11.

Galaxy Digital (NASDAQ:GLXY) last released its quarterly earnings data on Tuesday, October 27th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.54. The business had revenue of $8.69 billion for the quarter. Equities research analysts expect that Galaxy Digital will post -0.59 earnings per share for the current year.

Insider Activity at Galaxy Digital

In other Galaxy Digital news, Director Douglas R. Deason purchased 12,000 shares of Galaxy Digital stock in a transaction on Wednesday, August 12th. The shares were acquired at an average cost of $21.54 per share, for a total transaction of $258,480.00. Following the completion of the transaction, the director directly owned 71,000 shares of the company’s stock, valued at approximately $1,529,340. The trade was a 20.34% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Steven Bandrowczak purchased 5,100 shares of Galaxy Digital stock in a transaction on Monday, August 10th. The shares were acquired at an average price of $19.63 per share, for a total transaction of $100,113.00. Following the completion of 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. Additional details regarding this purchase are available in the official SEC disclosure. 51.53% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in Galaxy Digital during the 2nd quarter valued at $1,456,000. State Street Corp boosted its holdings in shares of Galaxy Digital by 99.7% during the 2nd quarter. State Street Corp now owns 3,833,993 shares of the company’s stock valued at $104,821,000 after buying an additional 1,913,688 shares in the last quarter. Riposte Capital LLC bought a new stake in shares of Galaxy Digital during the 1st quarter valued at $2,952,000. Bank of America Corp DE boosted its holdings in shares of Galaxy Digital by 112.4% during the 2nd quarter. Bank of America Corp DE now owns 1,145,172 shares of the company’s stock valued at $31,309,000 after buying an additional 605,986 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new position in Galaxy Digital in the 2nd quarter worth about $1,227,000.

Key Galaxy Digital News

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

• Positive Sentiment: Strong Q3 profitability: Galaxy reported $323 million in quarterly net income and adjusted EPS of $0.83, well above the $0.29 analyst consensus. Revenue reached approximately $8.69 billion, although earnings remain sensitive to cryptocurrency and investment-market conditions. Galaxy Announces Third Quarter 2026 Financial Results
• Positive Sentiment: Buyback supports the stock: The company announced a new share-repurchase program, signaling that management considers the shares undervalued after their steep decline and potentially providing incremental demand for GLXY. Galaxy Digital Stock Rises After Q3 Profit and New Buyback
• Positive Sentiment: AI and Helios growth: Management highlighted expanding data-center operations and revenue growth from its Helios business, strengthening the investment case that Galaxy is diversifying beyond cryptocurrency trading and market-sensitive investments. Galaxy Digital Earnings Call Highlights AI and Helios Growth
• Positive Sentiment: Analysts remain bullish: Canaccord Genuity reaffirmed its buy rating with a $50 price target, while Chardan Capital maintained a buy rating and a $35 target. These targets imply substantial potential upside from the reference price.
• Neutral Sentiment: Mixed target revisions: HC Wainwright and BTIG Research reduced their price targets to $36 and $35, respectively, but both retained buy ratings. The cuts suggest more cautious valuation assumptions even as analysts continue to view the stock favorably.
• Negative Sentiment: High volatility and weaker underlying metrics: GLXY remains well below its 52-week high, has negative trailing profitability metrics and is exposed to cryptocurrency-price swings. Its beta of 5.11 indicates especially high market volatility, which could limit the durability of the earnings-driven rebound.

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.