Piper Sandler raised the firm’s price target on Galaxy Digital (GLXY) to $36 from $34 and keeps an Overweight rating on the shares. The firm remains its favorite name in the crypto peer group. Piper’s sum of the parts analysis values the core crypto business at about $14/share, the estimated 800 MW deal with CoreWeave (CRWV) at $12/share, and the incremental 1.7 GW of power pending ERCOT approval at Helios at $16/share. This results in a hypothetical all-in valuation of $43/share at the high end of the firm’s potential valuation range.
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:
- Crypto Currents: House passes ‘Genius Act’ stablecoin bill
- Crypto Currents: U.S. bills advance as institutional money makes moves
- Galaxy Digital Inc. – Class A common stock call volume above normal and directionally bullish
- Galaxy Digital, Antalpha invest in Function
- Galaxy Digital to Announce Q2 2025 Financial Results on August 5