Bullboard - Stock Discussion Forum Galaxy Digital Holdings Ltd T.GLXY

Alternate Symbol(s): BRPHF

Galaxy Digital Holdings Ltd. is a digital asset and blockchain company. The Company provides institutions, startups, and qualified individuals access to the crypto economy. Its full suite of financial services is custom-made for a digitally native ecosystem, providing multiple business lines: trading, asset management, investment banking, mining, and ventures. Its trading business, Galaxy... see more

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Galaxy Digital Holdings Ltd > Rosenblatt ups Galaxy Digital share price target & NASADAQ

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Post by Pucci1989 on Mar 27, 2024 10:16am

Rosenblatt ups Galaxy Digital share price target & NASADAQ

Rosenblatt ups Galaxy Digital share price target, cites crypto market strength

https://ca.investing.com/news/stock-market-news/rosenblatt-ups-galaxy-digital-share-price-target-cites-crypto-market-strength-93CH-3323258

The company's operating businesses are also experiencing growth and gaining market share. Rosenblatt's analysis suggests that Galaxy Digital's success is sustainable and currently undervalued by the market. The firm noted that Galaxy Digital stands out as a top-tier institution in the digital asset space and is the only publicly traded company offering a diversified digital assets business.

Rosenblatt also mentioned that while Galaxy Digital's up-listing to the Nasdaq is being delayed by the SEC, the opportunity for investors to purchase shares at or near book value may be diminishing. Consequently, Rosenblatt has revised its forecasts for the company, leading to the increased price target.

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