Jefferies gives Galaxy Digital a "buy" rating with a $35 price target
2025-07-23 09:59:40
Jefferies has given Galaxy Digital (GLXY) a "buy" rating for the first time in its latest research report, with a target price of $35. The report notes that the improved crypto regulatory environment in the United States through the GENIUS Act provides a favorable market structure for Galaxy. Galaxy is also expected to benefit from the growth in demand for AI data centers by leasing a 393 trillion-watt data center in Texas. Currently, about two-thirds of its company value comes from the data center business.
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