Galaxy Digital Holdings (BRPHF) Gets a Buy Rating from BTIG

In a report released yesterday, Mark Palmer from BTIG reiterated a Buy rating on Galaxy Digital Holdings (BRPHFResearch Report), with a price target of C$48.00. The company’s shares closed last Thursday at $17.05.

According to, Palmer is a 5-star analyst with an average return of 14.1% and a 55.4% success rate. Palmer covers the Financial sector, focusing on stocks such as International Money Express, Mogo Finance Technology, and SuRo Capital.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Galaxy Digital Holdings with a $32.00 average price target.

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Galaxy Digital Holdings’ market cap is currently $6.48B and has a P/E ratio of 4.76.

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Galaxy Digital Holdings Ltd. is a multi-service merchant bank dedicated to the digital assets and blockchain technology industry. It operates through the following business lines: Trading, Asset Management, Principal Investment, and Advisory. The Trading business covers arbitrage, macro, and market making. The Asset Management business manages external capital across passive and ecosystem funds. The Principal Investment business includes private equity, venture, public equity, ICO investments, Pre-ICO investments, and liquid and illiquid cryptocurrencies. The Advisory business includes capital markets, mergers and acquisitions, restructuring, and technical consulting services to both start-ups and established institutions. The company was founded by Michael Edward Novogratz on July 31, 2018 and is headquartered in New York, NY.

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