
GLXY Stock Forecast & Price Target
GLXY Analyst Ratings
Bulls say
Galaxy Digital Inc. demonstrated a remarkable financial performance, with reported revenue soaring 223% quarter-over-quarter (Q/Q) to $29.2 billion, driven by a substantial increase in trading volumes of 140% Q/Q. The company also reported a substantial growth in gross profit, which surged 432% Q/Q, alongside a notable increase in adjusted EBITDA to $629 million, up from $211 million in the previous quarter. Additionally, the Asset Management segment experienced a 45% rise in adjusted gross profit and a 52% increase in assets under management, reaching $8.8 billion, further underscoring the company’s robust operational momentum and successful capitalizing on market conditions.
Bears say
Galaxy Digital Inc. faces a challenging financial outlook primarily due to declines in cryptoasset prices and reduced trading volumes, which could severely impact its revenue generation. The company's growth potential is also hindered by significant regulatory headwinds, with the risk that evolving frameworks may restrict its operations and competitive advantage in the fast-paced cryptocurrency landscape. Furthermore, operational inefficiencies, particularly in securing regulatory approvals for infrastructure projects, coupled with the potential for technical failures, exacerbate the company's vulnerabilities in a volatile market environment.
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