
GLXY Stock Forecast & Price Target
GLXY Analyst Ratings
Bulls say
Galaxy Digital Inc. has demonstrated a remarkable financial performance in the recent quarter, with reported revenue soaring 223% quarter-over-quarter to $29.2 billion, driven by a 140% increase in trading volumes. The company's asset management segment also showed robust growth, with adjusted gross profit rising 45% quarter-over-quarter and assets under management increasing by 52% to $8.8 billion, reflecting a strong influx of capital and positive market conditions. Additionally, Galaxy Digital reported an impressive net income of $505 million for Q3, a significant rise from $30.7 million in the previous quarter, alongside an adjusted EBITDA of $629 million, showcasing substantial operational efficiency and the positive impact of digital asset appreciation.
Bears say
Galaxy Digital Inc faces a challenging financial landscape due to its significant exposure to the volatility of cryptoasset prices, which may adversely affect revenue and investor expectations if market conditions worsen. Additionally, the company confronts substantial regulatory headwinds that could hinder growth and limit its competitive position within the evolving cryptocurrency sector. Delays in securing necessary approvals for its data center capacity, compounded by the geopolitical risks associated with global cryptocurrency dynamics, further complicate its operational outlook and risk customer trust.
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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