Galaxy Digital price target raised to $15 from $10 at Benchmark

Benchmark raised the firm’s price target on Galaxy Digital to $15 from $10 and keeps a Buy rating on the shares following the SEC’s broad Spot BTC ETF approval yesterday, which included the Invesco/Galaxy ETF. The firm believes the ETF decision “reflects a softening from the SEC” and “further resonates well” for Galaxy’s ongoing SEC review for a U.S. listing. The firm sees an uplist for Galaxy as “a key catalyst for the stock,” the analyst added.