Maxim Group analyst Matthew Galinko maintained a Buy rating on Galaxy Digital yesterday and set a price target of $40.00.
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Matthew Galinko has given his Buy rating due to a combination of factors that highlight Galaxy Digital’s potential for growth and financial stability. The company reported a significant improvement in its adjusted EBITDA and gross profit for the second quarter of 2025, driven by a rise in digital asset prices, despite experiencing lower trading volumes. Notably, July marked the strongest month in the company’s history, attributed to the aggressive accumulation of digital assets by its treasury clients.
Additionally, Galaxy Digital’s strategic moves, such as the expansion of its data center capacity and the anticipated revenue from AI datacenter leases, are expected to contribute to substantial growth in adjusted gross profit and EBITDA starting in 2026. The company’s robust balance sheet, with substantial cash and digital asset holdings, further supports its financial health. These elements, combined with the expected closing of project debt financing for the Helios data center, underpin Galinko’s confidence in maintaining a Buy rating with a $40 price target.
In another report released today, Canaccord Genuity also maintained a Buy rating on the stock with a $34.00 price target.
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GLXY in relation to earlier this year.