
GLXY Stock Forecast & Price Target
GLXY Analyst Ratings
Bulls say
Galaxy Digital Inc. has demonstrated impressive financial growth, with reported revenue surging 223% quarter-over-quarter to $29.2 billion, driven by a 140% increase in trading volumes, despite a major $9 billion Bitcoin block sale impacting the figures. The company's asset management segment showcased strong performance, with adjusted gross profit increasing by 45% Q/Q, assets under management rising to $8.8 billion (up 52% Q/Q), and assets under stake escalating by 110% to reach $6.6 billion. Additionally, Galaxy Digital reported a substantial net income of $505 million in Q3, up from $30.7 million the previous quarter, along with a notable rise in adjusted EBITDA to $629 million, reflecting the overall healthy performance across its business segments amid favorable market conditions.
Bears say
Galaxy Digital Inc faces a negative outlook due to the significant impact of cryptoasset price declines and reduced trading volumes, which could adversely affect its financial performance amid a challenging macroeconomic environment. Additionally, the company grapples with substantial regulatory headwinds that may hinder its growth potential, particularly if regulatory frameworks around cryptocurrencies fail to evolve correspondingly. Compounding these issues, operational challenges such as slow regulatory approval processes for critical infrastructure capacity and potential technical failures threaten customer trust and could further restrict Galaxy’s competitive edge and future growth opportunities.
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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