Galaxy Digital, the Financial sector company, was revisited by a Wall Street analyst today. Analyst Peter Christiansen from Citi reiterated a Hold rating on the stock and has a $28.00 price target.
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Peter Christiansen has given his Hold rating due to a combination of factors, balancing improving execution with ongoing market and earnings uncertainties. Galaxy delivered a narrower adjusted EBITDA loss and outperformed both Citi and consensus expectations, reflecting better cost discipline, while progress at the Helios data center project is on track but still in an early ramp phase, delaying full revenue visibility.
At the same time, weaker crypto prices weighed on reported results, mark‑to‑market impacts on trading remain somewhat opaque, and the revenue mix has yet to fully transition toward the more stable data center stream. Christiansen keeps his price target unchanged at $28, seeing limited upside near term as he waits for Helios to be fully online and for the higher‑quality fee, lending, and infrastructure revenues to clearly offset digital asset cyclicality.
According to TipRanks, Christiansen is a 2-star analyst with an average return of 0.5% and a 51.52% success rate. Christiansen covers the Technology sector, focusing on stocks such as Circle Internet Group, Inc. Class A, Strategy, and Bullish.