Jefferies is optimistic about the prospects of Galaxy Digital and has issued a buy rating for the first time.

robot
Abstract generation in progress

[Chain News] On July 23, it was reported that Jefferies stated in its latest research report that Galaxy Digital (GLXY), thanks to the favourable encryption currency regulatory environment, is expected to gain more favourable information. Jefferies took the U.S. passing the GENIUS Act as an example, believing that this provides a favourable market structure for Galaxy's business, and for the first time gave the company a "buy" rating with a target price of $35. The report also pointed out that Galaxy has the potential to benefit from the rise in demand for artificial intelligence data centers by leasing a 393-megawatt data center located in West Texas from CoreWeave. Currently, about two-thirds of Galaxy's company value comes from its data center business. On Tuesday, GLXY's stock price rose over 6%, closing at $29.11, and rose another 3% in pre-market to $30.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 10
  • Share
Comment
0/400
RugPullProphetvip
· 6h ago
You must have been optimistic about this company for a long time.
View OriginalReply0
SerLiquidatedvip
· 18h ago
buy the dip兔友有福气啦
View OriginalReply0
MultiSigFailMastervip
· 07-24 18:15
The crypto world will only rise, rise, rise.
View OriginalReply0
MEVSandwichMakervip
· 07-24 17:53
Bullish on GLXY, let's go!
View OriginalReply0
RektButAlivevip
· 07-23 09:46
Shouted loudly GLXY amazing
View OriginalReply0
fork_in_the_roadvip
· 07-23 09:40
Again a good opportunity to Be Played for Suckers.
View OriginalReply0
LucidSleepwalkervip
· 07-23 09:34
The organization is going to start bragging again.
View OriginalReply0
MoneyBurnerSocietyvip
· 07-23 09:26
The fall indicator captain strikes again.
View OriginalReply0
GasSavingMastervip
· 07-23 09:20
The front row is collecting money and setting off.
View OriginalReply0
ZKProofEnthusiastvip
· 07-23 09:20
bullish fam
View OriginalReply0
View More
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)