Benchmark raised the firm’s price target on Galaxy Digital (GLXY) to $57 from $40 and keeps a Buy rating on the shares. The company’s move into AI and high-performance computing through its Helios data center campus in Texas has attracted the attention of more investors and analysts, but Q3 print, the “strongest ever for its digital asset trading operations,” is a reminder that the company is “remarkably well positioned” to serve as a leading facilitator of the adoption of crypto by institutional investors, the analyst tells investors.
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