Galaxy Digital price target lowered to $24 from $27 at Goldman Sachs

Goldman Sachs analyst James Yaro lowered the firm’s price target on Galaxy Digital (GLXY) to $24 from $27 and keeps a Neutral rating on the shares. Despite the weaker results in the quarter, largely driven by digital assets price depreciation, management remains constructive on the long-term growth trajectory across the Global markets and Asset management businesses, the analyst tells investors in a research note.