Galaxy Digital's (GLXY) Buy Rating Reaffirmed at Chardan Capital

Key Points

• Chardan Capital reaffirmed its Buy rating on Galaxy Digital and set a $35 price target, implying roughly 104% upside from the prior close. Analysts overall rate the stock “Moderate Buy,” with an average target of $35.67.
• Galaxy Digital reported quarterly EPS of $0.83, beating the $0.29 consensus estimate, on revenue of approximately $8.69 billion.
• Despite broad bullish coverage, several analysts recently lowered their price targets, reflecting continued uncertainty tied to cryptocurrency-market volatility and Galaxy Digital’s negative reported net margin and return on equity.

Galaxy Digital (NASDAQ:GLXY - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research 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 objective would indicate a potential upside of 103.73% from the stock's previous close.

Several other analysts also recently weighed in on GLXY. 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 research note on Friday, October 9th. Piper Sandler lowered their target price on Galaxy Digital from $33.00 to $25.00 and set an "overweight" rating for the company in a research note on Tuesday, October 20th. Citigroup upgraded Galaxy Digital from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $26.00 to $28.00 in a research note on Tuesday, October 13th. BTIG Research decreased their price target on Galaxy Digital from $45.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, Maxim Group decreased their price target on Galaxy Digital from $46.00 to $36.00 and set a "buy" rating for the company in a research note on Thursday, October 22nd. Eleven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $35.67.

Galaxy Digital Stock Up 9.6%

NASDAQ GLXY traded up $1.50 during trading hours on Tuesday, hitting $17.18. The company had a trading volume of 10,275,887 shares, compared to its average volume of 6,386,282. Galaxy Digital has a fifty-two week low of $14.19 and a fifty-two week high of $38.54. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of -26.43 and a beta of 5.11. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.50 and a quick ratio of 1.50. The firm's 50 day moving average is $22.31 and its 200 day moving average is $24.42.

Galaxy Digital (NASDAQ:GLXY - Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Sell-side analysts anticipate that Galaxy Digital will post -0.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Galaxy Digital

A number of large investors have recently bought and sold shares of the business. Apollon Wealth Management LLC lifted its holdings in Galaxy Digital by 8.5% in the third 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 during the last quarter. Inspire Investing LLC lifted its holdings in Galaxy Digital by 58.9% in the third quarter. Inspire Investing LLC now owns 23,374 shares of the company's stock worth $532,000 after acquiring an additional 8,665 shares during the last quarter. Reyes Financial Architecture Inc. bought a new position in Galaxy Digital in the third quarter worth about $30,000. Blue Jean Financial LLC raised its holdings in shares of Galaxy Digital by 6.8% during the third quarter. Blue Jean Financial LLC now owns 148,911 shares of the company's stock valued at $3,386,000 after buying an additional 9,440 shares during the last quarter. Finally, Clark Financial Services Group Inc. BD raised its holdings in shares of Galaxy Digital by 10.4% during the third quarter. Clark Financial Services Group Inc. BD now owns 18,250 shares of the company's stock valued at $415,000 after buying an additional 1,717 shares during the last quarter.

Key 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.