Citi lifts Galaxy and Gemini, downgrades Securitize as crypto fundamentals improve
Citi upgraded Galaxy Digital to Buy with a $28 target, citing AI and computing business improvements, and Gemini to Neutral with a $4.75 target due to better volumes. It downgraded Securitize to Neutral, raising its target to $14, citing high expectations. Citi noted improving crypto fundamentals, with market cap rising to $3 trillion, and reiterated Coinbase at Buy with a $230 target, citing growth in derivatives and stablecoins.



