H.C. Wainwright cuts Galaxy Digital price target to $36 while keeping Buy rating after strong Q3 results
H.C. Wainwright lowered its price target for Galaxy Digital (GLXY) from $40 to $36 but maintained a Buy rating following the company's third‑quarter earnings beat. The firm highlighted solid execution at the Texas Helios data‑center campus and expects annualized leasing revenue of $800 million‑$850 million by 2027. Galaxy reported Q3 net income of $323 million and adjusted earnings of $0.83 per share, with a $200 million share‑buyback approved by the board.
Why it matters
The reduced target narrows the upside potential, implying about 110% upside from the close, according to H.C. Wainwright. The earnings beat and buyback may support the stock’s recent rally, as noted by the analyst firm.
Key facts
- 1H.C. Wainwright cut its price target for Galaxy Digital to $36 from $40 while keeping a Buy rating. investing.com
- 2Galaxy Digital reported third‑quarter net income of $323 million. investing.com
- 3Adjusted earnings for the quarter were $0.83 per share. finance.yahoo.com
- 4Management expects annualized leasing revenue of $800 million‑$850 million from the data‑center business by 2027. investing.com
- 5Helios I Phase I delivered 133 megawatts of critical IT load in Q2 2026. investing.com
- 6Helios II, with 830 megawatts of approved gross capacity, is scheduled for energization in mid‑2028. investing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.