Update shared on 31 Oct 2025
Fair value Increased 24%Analysts have raised their price target for Galaxy Digital from $37.78 to $46.90. They cite a series of strong quarterly results and optimism about the company's expanding role beyond high-performance computing as key reasons for the upgrade.
Analyst Commentary
Bullish Takeaways- Bullish analysts continue to raise their price targets for Galaxy Digital, signaling growing confidence in the company's business model and execution.
- Strong recent quarterly results have exceeded high expectations. This is enhancing Galaxy Digital's reputation and narrative as more than just a high-performance computing play.
- Galaxy Digital's exposure to digital assets and control of power assets positions the firm advantageously within the rapidly expanding AI and data center infrastructure markets.
- New strategic developments, such as sector-defining partnerships and acquisitions, further improve the company’s growth prospects and are expected to generate ongoing investor interest.
- Despite recent upgrades, some analysts highlight that the significant rise in share price over the past year may be factoring in much of the anticipated upside. This raises concerns about near-term valuation.
- There is ongoing competition within the sector for control of power assets and colocation agreements, adding execution risks as Galaxy scales its platform.
- Sector-wide supply constraints, including access to power, land, and critical infrastructure components, could slow the pace of new data center development and impact Galaxy’s planned growth initiatives.
What's in the News
- Galaxy Digital, along with Multicoin Capital and Jump Crypto, is in talks to raise approximately $1B to purchase Solana, aiming to create a new digital asset treasury company. The deal, backed by Cantor Fitzgerald, is expected to close in early September (Bloomberg).
- Galaxy Digital announced an integration with Coinbase Prime, enhancing institutional access to Galaxy's staking infrastructure and positioning itself as a leading custodial, staking, and liquidity solution for digital asset investors.
- Galaxy launched GalaxyOne, a platform that allows U.S. individual investors to access high yields on fiat cash, as well as crypto and equities trading, with competitive APY offerings and integrated client services.
- Galaxy Digital has entered into an investment agreement to issue over 9 million Class A shares at $36 per share, raising $325 million, with the transaction expected to close in October 2025.
Valuation Changes
- Consensus Analyst Price Target has increased from $37.78 to $46.90. This reflects a substantial upward adjustment based on recent performance and outlook.
- Discount Rate has risen slightly from 8.71 percent to 8.90 percent, which suggests a modest shift in the perceived risk profile or required return.
- Revenue Growth projection has decreased significantly from 199.85 percent to 68.35 percent. This denotes a much more moderate growth expectation going forward.
- Net Profit Margin remains essentially unchanged, moving marginally from 22.88 percent to 22.86 percent.
- Future P/E ratio has decreased slightly from 51.56x to 51.25x, indicating a minor adjustment in anticipated valuation multiples.
Disclaimer
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