Galaxy Digital price target raised to C$18 from C$10 at Compass Point

Compass Point raised the firm’s price target on Galaxy Digital to C$18 from C$10 and keeps a Buy rating on the shares after the company reported Q4 revenues and EPS that came in above the firm’s estimates. The firm expects Q1 to come in stronger than expected given the appreciation in crypto assets, significantly higher global volumes, and increased volatility and continue to believe that Galaxy “remains uniquely positioned to benefit in the current crypto cycle that remain relatively in its early stages,” the analyst tells investors.