Galaxy Digital (NASDAQ:GLXY) Given New $36.00 Price Target at Morgan Stanley

Galaxy Digital (NASDAQ:GLXY) had its target price cut by Morgan Stanley from $43.00 to $36.00 in a report released on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other research firms have also commented on GLXY. Citigroup assumed coverage on shares of Galaxy Digital in a report on Tuesday, December 9th. They issued an “outperform” rating for the company. HC Wainwright decreased their target price on Galaxy Digital from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday. The Goldman Sachs Group lowered their target price on Galaxy Digital from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday. Citizens Jmp reissued a “market outperform” rating and issued a $60.00 price target on shares of Galaxy Digital in a report on Wednesday. Finally, Canaccord Genuity Group restated a “buy” rating and set a $50.00 price objective on shares of Galaxy Digital in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $45.23.

Galaxy Digital Price Performance

Shares of GLXY opened at $20.16 on Wednesday. Galaxy Digital has a 52 week low of $8.20 and a 52 week high of $45.92. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.36. The firm has a market cap of $7.87 billion and a price-to-earnings ratio of 16.80. The stock has a 50 day moving average of $26.80 and a 200-day moving average of $29.40.

Galaxy Digital (NASDAQ:GLXY) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported ($1.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.24) by $0.16. The firm had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $13.08 billion.

Insider Buying and Selling

In other Galaxy Digital news, Director Douglas R. Deason bought 10,000 shares of the business’s stock in a transaction on Friday, November 7th. The shares were purchased at an average price of $29.59 per share, with a total value of $295,900.00. Following the purchase, the director directly owned 10,000 shares of the company’s stock, valued at approximately $295,900. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Institutional Investors Weigh In On Galaxy Digital

Hedge funds and other institutional investors have recently modified their holdings of the stock. Belpointe Asset Management LLC acquired a new stake in Galaxy Digital in the second quarter worth about $280,000. Vontobel Holding Ltd. bought a new stake in shares of Galaxy Digital during the 2nd quarter worth about $766,000. IFP Advisors Inc acquired a new stake in shares of Galaxy Digital in the 2nd quarter worth approximately $84,000. Concurrent Investment Advisors LLC bought a new position in shares of Galaxy Digital in the second quarter valued at approximately $299,000. Finally, CWM LLC acquired a new position in shares of Galaxy Digital during the second quarter valued at approximately $26,000.

Trending Headlines about Galaxy Digital

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

• Positive Sentiment: Galaxy reported meaningful liquidity and positive adjusted results (Q4 adjusted gross profit of $426M, adjusted EBITDA of $34M; cash and stablecoins of $2.6B; total equity ~$3.0B), which provides a balance-sheet cushion amid the loss. PR Newswire: Q4 and FY2025 Results
• Positive Sentiment: BTIG reaffirmed a “buy” rating with a $50 price target, signaling some analysts still see substantial upside. Benzinga: BTIG rating
• Positive Sentiment: Citizens Jmp reaffirmed a “market outperform” rating with a $60 target, another bullish stance that could support the stock longer term. Benzinga: Citizens Jmp rating
• Neutral Sentiment: GLXY posted adjusted EPS that beat the consensus (-$1.08 vs. -$1.24), but revenue missed estimates ($10.37B vs. $13.08B) — a mixed print that explains both buying and selling pressure. MarketBeat: Q4 results summary
• Neutral Sentiment: Earnings materials and transcripts are available for deeper read (presentation and call transcript), useful for investors deciding whether the loss is cyclical or indicates deeper business issues. Seeking Alpha: Q4 presentation
• Negative Sentiment: The headline driver: a $482M Q4 net loss that sparked sharp selling and large intraday volume (multiple headlines reporting 14–20% share declines). That loss and the revenue shortfall are the primary reasons the stock is trading lower. Blockonomi: Stock plunges after $482M loss
• Negative Sentiment: Several firms trimmed price targets: Morgan Stanley cut its target to $36 (still “overweight”) and HC Wainwright lowered its target to $40, signaling reduced near-term expectations despite maintained buy/overweight stances. Benzinga: Analyst updates

Galaxy Digital Company Profile

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.