Galaxy Digital: Benchmark Maintains Buy Rating, Raises PT to $40.

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