Galaxy Digital (GLXY) shares jumped over 8% on Tuesday after the company reported record third-quarter earnings. The impressive performance was largely attributed to a $9 billion Bitcoin trade linked to a Satoshi-era wallet. In response, several brokers have raised their price targets for the company. Cantor increased its target from $45 to $53, highlighting a higher valuation for Galaxy's data center business. Canaccord Genuity and Benchmark also raised their targets to $50 and $57, respectively, while maintaining buy ratings. Benchmark's analysis now includes Galaxy's AI data center operations and an unaccounted 2.7 GW of capacity under regulatory review.
Galaxy Digital Shares Surge 8% on Record Q3 Earnings, Price Targets Raised
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