Galaxy Digital ( (TSE:GLXY) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Galaxy Digital shares came under pressure after Cantor Fitzgerald lowered its earnings estimates, citing roughly $533 million in non‑cash digital asset losses and softer trading activity following the recent crypto market pullback. In response to these headwinds, Cantor cut its price target on Galaxy Digital to $48 but maintained an Overweight rating, signaling that the firm still sees upside potential despite the near‑term setback.
More about Galaxy Digital
YTD Price Performance: 26.39%
Average Trading Volume: 7,389,017
Technical Sentiment Signal: Buy
Current Market Cap: $11.04B
For further insights into GLXY stock on TipRanks’ Stock Analysis page.
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