Goldman Sachs analyst James Yaro initiated coverage of Galaxy Digital (GLXY) with a Neutral rating and $30 price target implying 12% upside. The firm says the business is transitioning from a pure play digital assets investment and merchant bank to providing artificial intelligence data center infrastructure. Goldman views Galaxy’s business and growth as attractive, but says the stock’s valuation appears elevated at current share levels.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GLXY:
- Fundamental Global announces $200M private placement, ethereum treasury strategy
- Galaxy Digital Appoints Doug Deason to Board of Directors
- Crypto Currents: Trade deal sparks crypto rally as firms continue big buys
- Mill City Ventures III to sell 83.026M shares at $5.42 in private placement
- Galaxy Digital Executes Landmark Bitcoin Transaction