
GLXY Stock Forecast & Price Target
GLXY Analyst Ratings
Bulls say
Galaxy Digital Inc. achieved a remarkable 223% quarter-over-quarter revenue increase, totaling $29.2 billion, driven by a 140% surge in trading volumes, largely attributed to rising institutional activity and the growth of its trading counterparties to 1,532, marking a 6% sequential increase. The company's Asset Management segment showed strong performance, with adjusted gross profit rising 45% quarter-over-quarter and Assets Under Management (AUM) increasing by 52% to $8.8 billion, complemented by a substantial jump in staked assets to $6.6 billion, up 110% since the previous quarter. Furthermore, Galaxy reported adjusted EBITDA of $629 million, reflecting a 198% increase quarter-over-quarter, significantly exceeding expectations and highlighting continued operational efficiency amidst positive market trends.
Bears say
Galaxy Digital Inc. faces a challenging financial landscape marked by anticipated declines in fee income, particularly following an unusually strong third quarter boosted by IPO-related activities. The company has witnessed a significant deceleration in crypto trading activity, with November experiencing a 16% month-over-month decrease and December further declining by 34%, which is expected to continue into January amid a broader market downturn. This downward trend has led to projections of a substantial sequential reduction in financial performance for the upcoming fourth quarter, reinforcing concerns over the company's exposure to volatility in cryptoasset prices and trading volumes due to macroeconomic pressures.
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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