
GLXY Stock Forecast & Price Target
GLXY Analyst Ratings
Bulls say
Galaxy Digital Inc. demonstrated significant financial growth in the third quarter, reporting a remarkable 223% increase in revenue to $29.2 billion, primarily driven by a 140% rise in trading volumes. The company also noted a substantial increase in both adjusted gross profit, which surged 432% quarter-over-quarter, and net income, which rose to $505 million from $30.7 million in the previous quarter. Additionally, the asset management segment experienced notable gains, with assets under management increasing by 52% to $8.8 billion and adjusted gross profit rising 45%, indicating strong operational performance and positive market conditions.
Bears say
The financial outlook for Galaxy Digital Inc. appears negative due to several critical factors impacting its core operations. A potential decline in cryptoasset prices and reduced trading volumes could significantly hinder the company's financial performance, especially if Bitcoin prices fall and volatility remains low, which may lead to revenues falling short of expectations. Additionally, ongoing regulatory challenges and slow approval processes for infrastructure projects, such as those faced by ERCOT, introduce uncertainty and could restrict Galaxy's growth potential in a rapidly evolving market.
This aggregate rating is based on analysts' research of Galaxy Digital Inc and is not a guaranteed prediction by Public.com or investment advice.
GLXY Analyst Forecast & Price Prediction
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