Citi analyst Peter Christiansen raised the firm’s price target on Galaxy Digital (GLXY) to $28 from $25 and keeps a Neutral rating on the shares. The firm says legislative momentum for the CLARITY Act is “stalled” as key items continued to be debated. Citi reduced estimates in the digital assets space to reflect its bitcoin base forecast declining to $112,000 from $143,000.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GLXY:
- Avalanche Sees Institutional DeFi Surge. Can AVAX Become Wall Street’s Go-To Chain?
- BlackRock’s New Staked Ethereum ETF (ETHB) Sees ‘Very, Very Solid’ $15.5 Million Debut, Says Analyst
- BitMine Stock Gets Resuscitated as Tom Lee Says ‘Stocks to be Up in March’
- Solana’s On-Chain Surge Is Real. Can the Rally Last?
- Galaxy Digital Inc. – Class A common stock call volume above normal and directionally bullish