Investment bank Stifel gives Galaxy Digital a buy rating with a target price of 20 Canadian dollars
According to a report by Jinse Caijing, investment bank Stifel (SF) stated in a research report on Wednesday that Galaxy Digital should be a core holding for stock investors looking to enter the digital asset ecosystem. Stifel has given it a buy rating with a target price of 20 Canadian dollars. Galaxy closed down 4.7% on Thursday at 13.11 Canadian dollars. Analysts Bill Papanastasiou and Suthan Sukumar said: "The company has asymmetric return characteristics, significant principled risk exposure compared to Bitcoin and Ethereum; diversified revenue-generating businesses in trading, investment banking, and asset management; and long-term potential for massive growth through its infrastructure solutions division."
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