
GLXY Stock Forecast & Price Target
GLXY Analyst Ratings
Bulls say
Galaxy Digital Inc. has demonstrated substantial financial growth, as evidenced by a remarkable 223% quarter-over-quarter revenue increase to $29.2 billion, driven by a 140% rise in trading volumes. The company reported significant gains in gross profit, which soared 432% from the previous quarter, alongside a net income increase to $505 million, up from $30.7 million in Q2. Additionally, the asset management segment experienced a notable 45% sequential rise in adjusted gross profit, with assets under management swelling to $8.8 billion, indicating strong demand and effective operational performance.
Bears say
Galaxy Digital Inc. faces significant challenges due to declines in cryptoasset prices and reduced trading volumes, which could substantially impact its financial performance amid broader market downturns. The company's potential revenue generation is at risk, especially if bitcoin prices fall and volatility remains low, which could lead to disappointing results versus investor expectations. Additionally, regulatory headwinds and a slow approval process for critical infrastructure could hinder growth and the company’s ability to maintain a competitive edge in an evolving digital landscape.
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
Start investing in GLXY
Order type
Buy in
Order amount
Est. shares
0 shares