Key Takeaways
- • Citi raised its price target on Galaxy Digital (Nasdaq: GLXY) from USD 26.00 to USD 28.00 and upgraded the rating from Neutral to Buy on October 13, 2026, according to CNBC.
- • Citi tied the upgrade to stronger cryptocurrency market conditions, improved economics at the Helios I data center, and a possible Helios II tenant announcement within six months.
- • Galaxy Digital closed at USD 14.68 on October 23, 2026, down 3.99 percent, only USD 0.11 above its 52-week low of USD 14.57 and well below its 52-week high of USD 41.25.
- • Revenue fell 3.86 percent year over year to USD 8.71 billion in the quarter ended June 30, 2026, from USD 9.06 billion a year earlier.
- • Galaxy Digital reports third-quarter 2026 results on October 27, 2026, a near-term test of digital-asset activity and data-center expansion.
Summary
Citi raised its price target on Galaxy Digital Inc. to USD 28.00 from USD 26.00 and upgraded the stock from Neutral to Buy on October 13, 2026, according to CNBC. The firm linked the upgrade to stronger cryptocurrency conditions, improved economics at the Helios I data center, and the possibility of a Helios II tenant announcement within six months. Citi's action is the clearest recent analyst move on the stock.
A separate Morgan Stanley note dated October 22, 2026 maintained a Buy rating with a USD 43.00 price target, more than 100 percent above the latest Nasdaq price, as reported by Markets Insider. The divergence between the two targets highlights the wide range of analyst expectations for the company.
The shares closed at USD 14.68 on Nasdaq on October 23, 2026, down 3.99 percent from the prior close of USD 15.29. The session range was USD 14.58 to USD 15.54, with 5,656,912 shares traded. The stock sits near its 52-week low of USD 14.57 and far below its 52-week high of USD 41.25. Market capitalization was USD 4.9 billion as of the same date.
Fundamentals were softer in the most recent reported quarter. Galaxy Digital posted revenue of USD 8.71 billion for the quarter ended June 30, 2026, versus USD 9.06 billion in the same quarter a year earlier, a decline of 3.86 percent.
The company is scheduled to report third-quarter 2026 results on October 27, 2026, according to the company calendar reproduced by comdirect. Investors will be watching digital-asset activity and the progress of data-center expansion at that release.
A separate Morgan Stanley note dated October 22, 2026 maintained a Buy rating with a USD 43.00 price target, more than 100 percent above the latest Nasdaq price, as reported by Markets Insider. The divergence between the two targets highlights the wide range of analyst expectations for the company.
The shares closed at USD 14.68 on Nasdaq on October 23, 2026, down 3.99 percent from the prior close of USD 15.29. The session range was USD 14.58 to USD 15.54, with 5,656,912 shares traded. The stock sits near its 52-week low of USD 14.57 and far below its 52-week high of USD 41.25. Market capitalization was USD 4.9 billion as of the same date.
Fundamentals were softer in the most recent reported quarter. Galaxy Digital posted revenue of USD 8.71 billion for the quarter ended June 30, 2026, versus USD 9.06 billion in the same quarter a year earlier, a decline of 3.86 percent.
The company is scheduled to report third-quarter 2026 results on October 27, 2026, according to the company calendar reproduced by comdirect. Investors will be watching digital-asset activity and the progress of data-center expansion at that release.
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