Chardan Capital Reaffirms Buy Rating for Galaxy Digital (NASDAQ:GLXY)

Galaxy Digital (NASDAQ:GLXY)‘s stock had its “buy” rating reaffirmed by research analysts at Chardan Capital in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $35.00 price objective on the stock. Chardan Capital‘s target price suggests a potential upside of 103.73% from the stock’s previous close.

Several other research firms have also recently weighed in on GLXY. Piper Sandler decreased their price objective on shares of Galaxy Digital from $33.00 to $25.00 and set an “overweight” rating for the company in a research report on Tuesday, October 20th. Morgan Stanley decreased their price objective on shares of Galaxy Digital from $48.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, October 9th. Weiss Ratings cut shares of Galaxy Digital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. BTIG Research decreased their price objective on shares of Galaxy Digital from $45.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Zacks Research upgraded shares of Galaxy Digital from a “strong sell” rating to a “hold” rating in a research report on Friday, September 18th. Eleven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Galaxy Digital currently has an average rating of “Moderate Buy” and a consensus target price of $35.67.

Galaxy Digital Trading Up 9.6%

NASDAQ GLXY traded up $1.50 on Tuesday, hitting $17.18. The company’s stock had a trading volume of 10,278,240 shares, compared to its average volume of 6,386,321. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.04. Galaxy Digital has a 1-year low of $14.19 and a 1-year high of $38.54. The company’s 50-day moving average is $22.31 and its 200 day moving average is $24.42. The firm has a market cap of $6.72 billion, a PE ratio of -26.43 and a beta of 5.11.

Galaxy Digital (NASDAQ:GLXY) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.54. Galaxy Digital had a negative net margin of 0.75% and a negative return on equity of 6.25%. The firm had revenue of $8.69 billion during the quarter. As a group, analysts predict that Galaxy Digital will post -0.59 earnings per share for the current fiscal year.

Insider Transactions at Galaxy Digital

In other Galaxy Digital news, insider Matthew Friedrich sold 4,993 shares of the firm’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $27.03, for a total value of $134,960.79. Following the completion of the sale, the insider directly owned 275,782 shares in the company, valued at approximately $7,454,387.46. This trade represents a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Douglas Deason purchased 12,000 shares of Galaxy Digital stock in a transaction on Wednesday, August 12th. The stock was bought at an average price of $21.54 per share, with a total value of $258,480.00. Following the completion of the acquisition, the director directly owned 71,000 shares of the company’s stock, valued at approximately $1,529,340. This trade represents a 20.34% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 51.53% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Galaxy Digital

Large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in Galaxy Digital in the second quarter worth $30,000. Reyes Financial Architecture Inc. acquired a new stake in Galaxy Digital in the third quarter worth $30,000. CoreCap Advisors LLC grew its holdings in Galaxy Digital by 496.0% in the third quarter. CoreCap Advisors LLC now owns 2,211 shares of the company’s stock worth $50,000 after purchasing an additional 1,840 shares during the period. GAMMA Investing LLC grew its holdings in Galaxy Digital by 1,160.8% in the third quarter. GAMMA Investing LLC now owns 2,345 shares of the company’s stock worth $53,000 after purchasing an additional 2,159 shares during the period. Finally, Hollencrest Capital Management grew its holdings in Galaxy Digital by 204.0% in the first quarter. Hollencrest Capital Management now owns 2,584 shares of the company’s stock worth $48,000 after purchasing an additional 1,734 shares during the period.

More Galaxy Digital News

Here are the key news stories impacting Galaxy Digital this week:

• Positive Sentiment: Galaxy reported third-quarter adjusted earnings of $0.83 per share, well above the $0.29 consensus estimate. Revenue reached approximately $8.69 billion, while reported net income was about $323 million. Galaxy Announces Third Quarter 2026 Financial Results
• Positive Sentiment: Coverage highlighted stronger revenue from Galaxy’s AI data-center operations, suggesting the company’s expansion beyond cryptocurrency trading and investments may be gaining traction. Its own investments also benefited from a rebound during the quarter. Galaxy Digital reports $323M quarterly profit as AI data center revenue surges
• Positive Sentiment: Chardan Capital reaffirmed its buy rating and set a $35 price target. BTIG Research also maintained a buy rating with a $35 target, indicating substantial potential upside from recent trading levels. Chardan Capital rating
• Neutral Sentiment: Management’s earnings call provided additional detail on quarterly performance and the expansion of data-center operations, which investors will assess for evidence that the higher-growth businesses can offset cryptocurrency-market volatility. Galaxy Digital Q3 2026 Earnings Call Transcript
• Negative Sentiment: Not all analyst revisions were positive: BTIG reduced its target from $45 to $35, while Rosenblatt cut its target from $35 to $30, reflecting continued uncertainty despite their buy ratings. Galaxy also remains unprofitable on some reported measures, with negative net margin and return on equity cited in the earnings coverage. Rosenblatt Securities rating

About Galaxy Digital

Galaxy Digital is a financial services and investment management company focused on digital assets and blockchain technology. Founded in 2018 by Michael Novogratz, the company provides institutional investors, corporations and other market participants with services spanning trading, asset management, investment banking, principal investments and venture capital.

Its offerings include spot and derivatives trading, lending and structured products, digital-asset funds and separately managed accounts, as well as advisory services for mergers, acquisitions, capital raising and other strategic transactions.