Galaxy Digital surges after $505M Q3 profit, brokers raise targets to $60

Galaxy Digital (GLXY), a digital asset firm, reported an outperformance of its Q3 ￰0￱ to their report, the company’s gross revenue was $29.2 billion and a net income of $505 million, a whopping 1,546% increase from ￰1￱ a result, institutions have reiterated their overweight rating on the company ￰2￱ Digital reported gross revenue surpassed both Jefferies’ estimate of $22.8 billion and the Street consensus of $17.2 ￰3￱ addition, it has also surpassed ATB Capital Markets analyst Martin Toner’s expectations of a total revenue of $21.2 ￰4￱ credited a sharp increase in digital asset volumes, up 140% from Q2, as a key factor in the profit ￰5￱ Global Markets segment posted a record adjusted gross profit of $295 million, driven by robust spot and derivatives trading, as well as the execution of a $9 billion Bitcoin sale, comprising approximately 80,000 BTC, on behalf of a ￰6￱ and analysts hike Galaxy’s stock price target to nearly $60 Broker Cantor reiterated its overweight rating on Galaxy shares and raised its price target to $53 from $45.

It has attributed the revision primarily to a higher valuation for the company’s data center ￰7￱ also cited strong performance across its digital asset operations and growing institutional adoption as key ￰8￱ broker noted that Galaxy’s digital asset business is “operating on all cylinders” and stands to benefit as more traditional players enter the crypto ecosystem. Additionally, Canaccord Genuity increased its Galaxy price target to $50 from $34 and maintained its buy rating on the ￰9￱ to analysts led by Joseph Vafi, the company is a solid and diversified play across two of the most exciting growth sectors: crypto-related financial services and data ￰10￱ also boasts one of the best-evolving portfolios focused on AI ￰11￱ Street broker Benchmark also raised its price target on Galaxy to $57 from $40, and reaffirmed its buy ￰12￱ Mark Palmer stated that the higher target reflects the firm’s updated sum-of-the-parts analysis, which now factors in Galaxy’s AI data center operations, along with its trading, lending, staking, asset management, and crypto holdings. $GLXY Weekly All these weekly candle wicks right above the 2021 cycle high to really mess with people's heads to a degree where they even sell after an incredible earnings ￰13￱ the place where I would sell, ￰14￱ fact, I just bought more and raised my cost… ￰15￱ — chad.

(@chad_ventures) October 22, 2025 Jefferies has also reiterated its buy rating and $45.00 price target on Galaxy ￰16￱ analysts have maintained a buy rating and predicted a price of up to $80. Galaxy Digital Q3 performance Galaxy reported that the total platform assets reached $17 billion at the quarter’s end, with $8.8 billion in assets under management and $6.6 billion under ￰17￱ company held $1,137M in cash and cash equivalents and $773M in stablecoins as of September 30, ￰18￱ is a 62% increase from ￰19￱ Digital Q3 and Q2 metrics.