Galaxy Digital resumed with a Buy at Stifel

Stifel resumed coverage of Galaxy Digital with a Buy rating and C$20 price target, arguing that the stock “should be a core holding for equity investors seeking exposure to the broad digital asset ecosystem.” Given Galaxy’s significant principle exposure to Bitcoin and Ethereum, diverse group of revenue-producing businesses and longer-term outsized growth potential through its infrastructure solutions arm, the stock offers “an asymmetric return profile,” the analyst tells investors.