AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
_6ff029a61766633234293.png?format=webp&width=1186&height=250)
Galaxy Digital: Benchmark Maintains Buy Rating, Raises PT to $40.
ByAinvest
Wednesday, Aug 6, 2025 10:53 am ET1min read
Galaxy Digital: Benchmark Maintains Buy Rating, Raises PT to $40.
Benchmark Securities has maintained its buy rating on Galaxy Digital Inc. (GLXY) stock while raising its price target to $40. The move comes amidst a series of recent developments and strong financial performance reported by the company [1].Galaxy Digital, a global leader in digital assets and data center infrastructure, reported its second-quarter 2025 financial results on August 5, 2025. The company achieved a net income of $30.7 million for the period, representing a gain of $0.08 per diluted share. Adjusted EBITDA for the quarter stood at $211 million, driven by the appreciation of balance sheet digital assets and investments and positive performance in its Digital Assets operating business [2].
The company also announced that it had executed one of the largest notional Bitcoin transactions ever, selling over 80,000 bitcoins on behalf of a client. This significant transaction underscores Galaxy Digital's leadership in the digital asset market [2].
Additionally, Galaxy Digital has been expanding its reach in the DeFi space. The company recently launched a $175 million venture capital fund targeting blockchain startups and has entered into a digital transfer agency agreement with Superstate to tokenize its stock, GLXY. This move is part of the company's broader strategy to increase accessibility and liquidity for its stock [3].
Despite these positive developments, Galaxy Digital's stock has faced volatility. The company reported weaker-than-expected earnings and revenue in the second quarter, leading to a decline in its stock price. However, the recent upgrades and strong financial performance suggest that the market is optimistic about the company's future prospects [1].
Benchmark Securities' decision to maintain a buy rating and raise its price target reflects confidence in Galaxy Digital's ability to navigate the challenges in the cryptocurrency market and capitalize on growth opportunities in the digital asset and DeFi sectors.
References:
[1] https://stockanalysis.com/stocks/glxy/
[2] https://www.prnewswire.com/news-releases/galaxy-announces-second-quarter-2025-financial-results-302521785.html
[3] https://thedefiant.io/news/tradfi-and-fintech/galaxy-digital-to-tokenize-glxy-stock-via-superstate
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet