Galaxy Digital price target raised to C$22 from C$18 at Compass Point

Compass Point analyst Joe Flynn raised the firm’s price target on Galaxy Digital (BRPHF) to C$22 from C$18 and keeps a Buy rating on the shares. The firm believes the selloff following the earnings print creates “a strong entry point” ahead of what should be stronger results second half from an improving crypto price environment and continued volatility, the analyst tells investors.