Galaxy Digital Holdings: Buy Rating Backed by Promising Growth Prospects and Strategic Uplisting

Galaxy Digital Holdings (BRPHF – Research Report), the Financial sector company, was revisited by a Wall Street analyst today. Analyst Mike Colonnese from H.C. Wainwright reiterated a Buy rating on the stock and has a C$39.00 price target.

Mike Colonnese has given his Buy rating due to a combination of factors including Galaxy Digital Holdings’ promising near-term growth prospects and its upcoming Nasdaq uplisting. Despite the underwhelming first-quarter results in 2025, the company has shown a significant rebound in digital asset prices, leading to an estimated positive operating income. The Nasdaq listing is expected to enhance Galaxy’s access to capital, improve trading liquidity, and expand its shareholder base.
Furthermore, Galaxy’s diversified business model, which includes a substantial crypto portfolio and a high-margin HPC/AI data center colocation business, positions it well for future growth. The company’s reorganization into distinct operating segments reflects its strategic focus on leveraging its digital assets and data center operations. With a substantial amount of digital assets under management and long-term revenue contracts secured, Galaxy offers unique exposure to both the crypto and AI sectors, supporting the Buy recommendation.

In another report released on May 12, Canaccord Genuity also maintained a Buy rating on the stock with a C$41.00 price target.