Ah, the capricious nature of our dear markets! One moment, they serenade us with their tumultuous ups and downs, and the next, they deliver a fanfare for Galaxy Digital. We are met with the glorious news of their audacious 8% leap following a Q3 earnings report that might just inspire Shakespeare himself. 📈
What to know:
- In a delightful twist of fate, those whimsical brokers raised their price targets like one might elevate a trophy-Cantor to $53 (up from a humble $45), Canaccord to $50 (previously a mere $34), and the ever-optimistic Benchmark to $57 (from a pitiful $40). All maintain their bullish ratings, of course, because who wouldn’t want to ride this rollercoaster? 🎢
- Optimism, like the proverbial pot of gold at the end of the rainbow, rests upon Galaxy’s glorious growth-enticing digital asset operations, and a data center business that expands faster than one’s waistline after a fine dinner.
On an exhilarating Tuesday, Galaxy Digital (GLXY) shares danced beyond convention, closing over 8% higher after their earnings report resembled a maestro’s finest symphony. This event led brokers to perform the delightful ritual of adjusting their price targets as if they were changing hats at a soirée. 🎩
Now, dear reader, let us not forget that the illustrious Mike Novogratz, at the helm of our ship, posted a quarter that even Bacchus would applaud, powered by a staggering $9 billion Bitcoin trade from a wallet of yore-an echo from the Satoshi era, no less! 🍷
Cantor, still giddy from the news, has reaffirmed its overweight rating and raised its price target as jubilantly as a child skipping rocks. This uptick is attributed primarily to the better valuation of Galaxy’s data center business. Who knew data centers could be so glamorous? ✨
Alas, Wednesday dawned, and the clouds began to gather as Galaxy shares dropped by 4.3% in pre-market trading-settling around $41.05, as fickle as the wind. 🌧️
Canaccord Genuity, however, seized the moment to hike its price target to a robust $50 from $34 while reiterating their delight with a “Buy” rating on this irresistible stock. How charmingly optimistic of them! 🌈
In their esteemed report, the analysts, led by the ever-astute Joseph Vafi, declared that Galaxy remains a splendid diversified play across two captivating growth sectors: cryptocurrencies and the truly riveting world of AI. What a delightful combination, worthy of the finest salons! 💁♂️
Benchmark also joined the festivity, raising its price target to a dazzling $57 while maintaining a “Buy” rating. Their revision, they assure us, reflects a newly updated sum-of-the-parts analysis-quite a thorough examination, I must admit. 📊
They have taken such pains to emphasize that their valuation is impressively conservative, only considering the modest 800 MW already contracted. One wonders what they feel about the mysterious 2.7 GW awaiting regulatory approval-surely that would add a touch of intrigue! 🕵️♂️
Ah, sweet Cantor! They remain unbridled in their bullish enthusiasm, praising Galaxy’s digital asset operations as being “operating on all cylinders.” One can only hope that traditional narratives of finance do not rain upon their parade! 🌧️
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2025-10-22 16:18