Morgan Stanley Cuts Galaxy Digital (NASDAQ:GLXY) Price Target to $36.00

Galaxy Digital (NASDAQ:GLXY) had its target price cut by Morgan Stanley from $43.00 to $36.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also recently commented on GLXY. Rosenblatt Securities reaffirmed a “buy” rating and issued a $46.00 target price on shares of Galaxy Digital in a report on Friday, January 30th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $50.00 price objective on shares of Galaxy Digital in a research note on Friday, January 30th. JMP Securities set a $60.00 target price on Galaxy Digital in a research note on Tuesday, December 9th. BTIG Research reissued a “buy” rating and issued a $50.00 target price on shares of Galaxy Digital in a report on Tuesday. Finally, Cantor Fitzgerald decreased their price target on Galaxy Digital from $53.00 to $48.00 and set an “overweight” rating for the company in a report on Monday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $45.23.

Galaxy Digital Trading Up 17.3%

GLXY opened at $19.76 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.35 and a current ratio of 1.35. Galaxy Digital has a one year low of $8.20 and a one year high of $45.92. The company has a market cap of $7.72 billion and a P/E ratio of 16.47. The business’s 50-day simple moving average is $26.47 and its 200-day simple moving average is $29.26.

Galaxy Digital (NASDAQ:GLXY) last posted its earnings results on Tuesday, February 3rd. The company reported ($1.08) EPS for the quarter, beating analysts’ consensus estimates of ($1.24) by $0.16. The company had revenue of $10.37 billion during the quarter, compared to analysts’ expectations of $13.08 billion.

Insider Activity

In other Galaxy Digital news, Director Douglas R. Deason purchased 25,000 shares of the stock in a transaction dated Wednesday, February 4th. The shares were acquired at an average cost of $20.80 per share, for a total transaction of $520,000.00. Following the completion of the transaction, the director directly owned 59,000 shares of the company’s stock, valued at $1,227,200. This trade represents a 73.53% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Institutional Investors Weigh In On Galaxy Digital

Several hedge funds have recently modified their holdings of GLXY. Rovida Advisors Inc. acquired a new stake in Galaxy Digital during the second quarter worth approximately $33,612,000. RFG Advisory LLC purchased a new position in shares of Galaxy Digital during the 2nd quarter worth $898,000. Seven Grand Managers LLC purchased a new position in shares of Galaxy Digital during the 2nd quarter worth $27,375,000. SG Americas Securities LLC acquired a new stake in shares of Galaxy Digital during the third quarter worth $3,119,000. Finally, Rovida Investment Management Ltd purchased a new stake in shares of Galaxy Digital in the second quarter valued at $33,612,000.

Key Stories Impacting Galaxy Digital

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

• Positive Sentiment: Board approved a share repurchase program authorizing up to $200 million of Class A common stock over the next 12 months (open‑market or negotiated buys; Nasdaq purchases capped at ~5% of outstanding shares; program can be suspended). This buyback is the primary catalyst for today’s upside as investors view it as a signal of confidence and a way to support the stock. Galaxy approves buyback
• Positive Sentiment: Director Douglas Deason purchased 25,000 shares (~$520k at ~$20.80), increasing his stake materially — an insider buy that supports management confidence in the outlook. SEC Form 4
• Positive Sentiment: HC Wainwright raised several 2026 quarterly estimates (Q2–Q4) and trimmed FY2026 losses slightly while maintaining a Buy rating and $40 target — a sign of improving medium‑term profit expectations. HC Wainwright note
• Positive Sentiment: BTIG and other brokers reiterated Buy/Outperform stances, providing continued institutional support that helps underpin sentiment if buyback execution continues. BTIG reiterates Buy
• Neutral Sentiment: Consensus broker view still sits around “Moderate Buy” with a range of price targets; this mixed but generally favorable coverage tempers volatility but leaves upside dependent on execution and crypto market moves. Consensus recommendation
• Neutral Sentiment: Morgan Stanley trimmed its price target (reported as lower than earlier) but left an overweight stance — a moderate signal that helps relative positioning but reduces some upside from higher targets. Morgan Stanley coverage
• Negative Sentiment: Galaxy reported a $482 million net loss in Q4 2025 and missed revenue expectations, which sparked earlier heavy selling and remains a core reason for near‑term downside risk and analyst forecast trimming. Q4 loss report
• Negative Sentiment: Several analysts cut near‑term forecasts after the Q4 results and some commentary remains pessimistic about short‑term earnings and crypto market dependency, which could re‑pressure the stock if buybacks or crypto prices disappoint. Analyst forecast cuts

About Galaxy Digital

Galaxy Digital Holdings Ltd. (NASDAQ:GLXY) is a diversified financial services and investment management firm dedicated to the digital assets and blockchain technology sectors. Established in 2018 by Mike Novogratz, the company operates across trading, asset management, principal investing and advisory services. Galaxy Digital caters to institutional clients, high-net-worth investors and corporations seeking exposure to cryptocurrencies, decentralized finance (DeFi) protocols and other blockchain-based assets.

In its trading division, Galaxy Digital provides market-making, execution and over-the-counter (OTC) solutions for a wide range of digital tokens.