Galaxy Digital (GLXY) Stock Slips After Citi Upgrade. Is the Dip a Buying Opportunity?
Photo: CoinCentral
TLDR Citi upgraded Galaxy Digital (GLXY) to Buy from Neutral and raised its price target to $28 from $26. GLXY closed at $19.87 before the call, and the new target implies about 41% upside. The stock fell more than 2% in Tuesday morning trading and opened at $19.71 on Wednesday. Citi pointed to better Helios I economics and a possible Helios II tenant announcement within six months. Eleven of 14 analysts rate GLXY a buy, with an average 12-month target of $39.33. Citi has upgraded Galaxy Digital (GLXY) to Buy from Neutral.
Source: CoinCentral
