Galaxy Digital (NASDAQ:GLXY) Stock Price Up 5.2% – Still a Buy?

Galaxy Digital Inc. (NASDAQ:GLXY)’s stock price rose 5.2% during mid-day trading on Friday . The company traded as high as $33.88 and last traded at $33.64. Approximately 4,840,897 shares traded hands during trading, a decline of 21% from the average daily volume of 6,152,608 shares. The stock had previously closed at $31.99.

Trending Headlines about Galaxy Digital

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

• Positive Sentiment: ERCOT approved an additional 830 MW for Galaxy’s Helios data‑center campus, doubling total approved power capacity to over 1.6 GW and Galaxy executed a service agreement with AEP — a major operational milestone that materially increases Helios’s revenue runway and supports the company’s pivot into AI/data‑center demand. Galaxy Completes ERCOT Interconnection Studies and Secures Approval for Additional 830 Megawatts at Helios Data Center Campus, Doubling Total Approved Power Capacity to over 1.6 Gigawatts
• Positive Sentiment: Galaxy closed the initial $75M tranche of its debut tokenized CLO (Galaxy CLO 2025‑1) with an anchor allocation from Grove (~$50M). This is an institutional, on‑chain credit product that diversifies revenue and strengthens the firm’s lending balance‑sheet capacity. Galaxy Announces Initial Closing of Debut Tokenized CLO at $75 Million
• Positive Sentiment: Analyst consensus price targets imply roughly 50%+ upside for GLXY, and recent upward earnings estimate revisions are cited as supportive — investor attention to those targets can drive momentum into the stock. Wall Street Analysts Think Galaxy Digital Inc. (GLXY) Could Surge 52.02%: Read This Before Placing a Bet
• Neutral Sentiment: Galaxy will report Q4 and full‑year 2025 results and host a webcast on Feb 3 — a near‑term catalyst that could sharply move the stock depending on numbers and commentary. Galaxy Schedules Webcast and Investor Call to Review Fourth Quarter and Full Year 2025 Results on February 3, 2026
• Neutral Sentiment: Market commentary highlights Galaxy’s strong Q3 2025 operating metrics (large trading volumes, AUM inflows, cash reserves) and the long‑term Helios opportunity — supportive context but not an immediate guarantee of further gains. The Bullish Case for Galaxy Digital in 2026
• Negative Sentiment: Risks remain: Galaxy is still exposed to crypto‑market volatility and investor concern about dilution (e.g., prior ~$1B exchangeable notes). These factors can produce sharp selloffs and could cap upside if markets turn. The Bullish Case for Galaxy Digital in 2026

Analyst Upgrades and Downgrades

Several research analysts have weighed in on GLXY shares. JMP Securities set a $60.00 target price on shares of Galaxy Digital in a research note on Tuesday, December 9th. Citigroup assumed coverage on shares of Galaxy Digital in a report on Tuesday, December 9th. They issued an “outperform” rating on the stock. BTIG Research lifted their target price on shares of Galaxy Digital from $35.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. Canaccord Genuity Group upped their price target on Galaxy Digital from $34.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, Morgan Stanley initiated coverage on Galaxy Digital in a research report on Thursday, November 6th. They set an “overweight” rating and a $42.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $46.00.

Galaxy Digital Stock Up 6.9%

The firm has a market cap of $13.35 billion and a PE ratio of 28.49. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average price of $26.00 and a two-hundred day moving average price of $28.57.

Galaxy Digital (NASDAQ:GLXY) last released its earnings results on Tuesday, October 21st. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.38 by $0.74. The company had revenue of $28.40 billion for the quarter, compared to analyst estimates of $19.85 billion. During the same period in the previous year, the firm earned ($0.16) earnings per share.

Insider Buying and Selling

In other news, Director Douglas R. Deason purchased 10,000 shares of the stock in a transaction on Friday, November 7th. The stock was bought at an average price of $29.59 per share, for a total transaction of $295,900.00. Following the acquisition, the director directly owned 10,000 shares of the company’s stock, valued at approximately $295,900. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Hedge Funds Weigh In On Galaxy Digital

A number of institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC acquired a new stake in Galaxy Digital in the second quarter valued at $26,000. Manchester Capital Management LLC purchased a new stake in Galaxy Digital during the second quarter worth approximately $32,000. Centerpoint Advisors LLC acquired a new position in Galaxy Digital in the second quarter valued at approximately $33,000. DHJJ Financial Advisors Ltd. purchased a new position in Galaxy Digital in the second quarter valued at approximately $34,000. Finally, North Star Investment Management Corp. purchased a new position in Galaxy Digital in the third quarter valued at approximately $34,000.

About Galaxy Digital

Galaxy Digital Holdings Ltd. (NASDAQ:GLXY) is a diversified financial services and investment management firm dedicated to the digital assets and blockchain technology sectors. Established in 2018 by Mike Novogratz, the company operates across trading, asset management, principal investing and advisory services. Galaxy Digital caters to institutional clients, high-net-worth investors and corporations seeking exposure to cryptocurrencies, decentralized finance (DeFi) protocols and other blockchain-based assets.

In its trading division, Galaxy Digital provides market-making, execution and over-the-counter (OTC) solutions for a wide range of digital tokens.