StoneX Keeps $57 Galaxy Digital Target as CoreWeave Debt Draws Focus
Photo: TokenPost
StoneX reaffirmed a Buy rating and $57 price target for Galaxy Digital on Oct. 19, saying the company’s current valuation understates its AI data center business and assigns no value to its digital asset operations. Investors are focused on CoreWeave’s rising borrowing costs and its end-of-June debt balance of $35.6 billion. CoreWeave is the sole tenant for 800 MW of gross power under contract at Galaxy’s Helios campus in West Texas. Its commitment covers 526 MW of critical IT load across three phases.
Source: TokenPost
