Galaxy Digital (NASDAQ:GLXY) Stock Price Target Cut by BTIG Research

Galaxy Digital (NASDAQ:GLXY) had its target price dropped by equities research analysts at BTIG Research from $45.00 to $35.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. BTIG Research‘s price target indicates a potential upside of 123.21% from the company’s current price.

A number of other research analysts have also recently commented on the stock. Weiss Ratings cut shares of Galaxy Digital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. Rosenblatt Securities decreased their price target on shares of Galaxy Digital from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Monday. Maxim Group decreased their price target on shares of Galaxy Digital from $46.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday. Piper Sandler lowered their price objective on shares of Galaxy Digital from $33.00 to $25.00 and set an “overweight” rating for the company in a research report on Tuesday, October 20th. Finally, Citigroup raised shares of Galaxy Digital from a “neutral” rating to a “buy” rating and increased their price objective for the company from $26.00 to $28.00 in a research note on Tuesday, October 13th. Eleven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Galaxy Digital presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.67.

Galaxy Digital Trading Up 6.8%

Galaxy Digital stock opened at $15.68 on Tuesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.50 and a quick ratio of 1.50. Galaxy Digital has a 52 week low of $14.19 and a 52 week high of $41.25. The stock has a fifty day moving average of $22.31 and a 200-day moving average of $24.42.

Galaxy Digital (NASDAQ:GLXY) last released its quarterly earnings data on Tuesday, October 27th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.54. The business had revenue of $8.69 billion for the quarter. Galaxy Digital had a negative return on equity of 6.25% and a negative net margin of 0.75%. Equities research analysts forecast that Galaxy Digital will post -0.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other Galaxy Digital news, insider Matthew W. Friedrich sold 4,993 shares of the stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $27.03, for a total value of $134,960.79. Following the completion of the transaction, the insider directly owned 275,782 shares in the company, valued at approximately $7,454,387.46. This trade represents a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Douglas R. Deason purchased 12,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average cost of $21.54 per share, for a total transaction of $258,480.00. Following the completion of the purchase, the director directly owned 71,000 shares of the company’s stock, valued at approximately $1,529,340. This represents a 20.34% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 51.53% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GLXY. Triumph Capital Management boosted its position in Galaxy Digital by 13.2% during the second quarter. Triumph Capital Management now owns 4,893 shares of the company’s stock valued at $134,000 after acquiring an additional 572 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Galaxy Digital by 6.9% in the 1st quarter. Private Advisor Group LLC now owns 10,108 shares of the company’s stock worth $186,000 after acquiring an additional 655 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Galaxy Digital by 5.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 19,976 shares of the company’s stock worth $546,000 after acquiring an additional 994 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Galaxy Digital in the 2nd quarter valued at about $30,000. Finally, Reyes Financial Architecture Inc. acquired a new position in shares of Galaxy Digital in the 3rd quarter valued at about $30,000.

Key Galaxy Digital News

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

• Positive Sentiment: Q3 earnings significantly exceeded expectations. Galaxy Digital reported adjusted EPS of $0.83, well above the FactSet consensus estimate of $0.27. The earnings surprise suggests improved profitability and helped support the stock’s rebound. Earnings Flash: Galaxy Digital Q3 Adjusted EPS
• Positive Sentiment: The company released its third-quarter financial results. Galaxy Digital reported results for the three and nine months ended September 30, 2026, giving investors updated visibility into its financial performance. Galaxy Announces Third Quarter 2026 Financial Results
• Neutral Sentiment: Rosenblatt maintained a Buy rating but lowered its price target. The target was reduced from $35 to $30, signaling continued analyst confidence but also reflecting more cautious valuation assumptions. Rosenblatt Securities Stock Recommendations
• Neutral Sentiment: Short-interest data showed no reported shares short. The reported zero short interest may reduce concerns about active bearish positioning, although the figure provides limited insight into future trading.
• Negative Sentiment: Underlying profitability remains a concern. Despite the quarterly EPS beat, Galaxy Digital was reported to have a negative net margin of 0.75% and negative return on equity of 6.25%, while analysts expect a loss for the full fiscal year.
• Negative Sentiment: The stock entered the earnings release under significant pressure. Shares had fallen more than 68% from their 2025 peak and were near their lowest level since April 2025, leaving investors focused on whether the earnings improvement can be sustained. Galaxy Digital Stock and Earnings Outlook

About Galaxy Digital

Galaxy Digital is a financial services and investment management company focused on digital assets and blockchain technology. Founded in 2018 by Michael Novogratz, the company provides institutional investors, corporations and other market participants with services spanning trading, asset management, investment banking, principal investments and venture capital.

Its offerings include spot and derivatives trading, lending and structured products, digital-asset funds and separately managed accounts, as well as advisory services for mergers, acquisitions, capital raising and other strategic transactions.