Galaxy Digital price target raised to $44 from $35 at Rosenblatt

Rosenblatt raised the firm’s price target on Galaxy Digital (GLXY) to $44 from $35 and keeps a Buy rating on the shares. The firm sees Galaxy as a “compelling opportunity with material additional upside potential” despite the stock’s 118% rise year-to-date. The company’s core digital assets franchise is underappreciated and it is exposed to high performance compute, the analyst tells investors in a research note. Rosenblatt thinks a strong Q3 report will “boost the company’s profile.”