Benchmark Co. analyst Mark Palmer has reiterated their bullish stance on GLXY stock, giving a Buy rating yesterday.
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Mark Palmer has given his Buy rating due to a combination of factors that highlight Galaxy Digital’s strong positioning in the market. The company has shown significant growth in its digital asset trading operations, achieving record results in the third quarter of 2025. This success is attributed to a well-constructed infrastructure and a robust pipeline of new clients, which has led to a 6% increase in trading counterparties.
Furthermore, the anticipated enactment of the CLARITY Act is expected to provide a regulatory framework that could drive further institutional adoption of digital assets, positioning Galaxy Digital as a primary beneficiary. Additionally, while the excitement around the company’s AI and high-performance computing initiatives through its Helios data center is notable, the digital assets platform remains the key driver of near-term earnings. The recent surge in trading volumes and the increase in the average loan book size further underscore the company’s momentum, justifying the raised price target to $57.
In another report released yesterday, Compass Point also reiterated a Buy rating on the stock with a $51.00 price target.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GLXY in relation to earlier this year.