Maxim analyst Matthew Galinko initiated coverage of Galaxy Digital (GLXY) with a Buy rating and $40 price target. The company offers a diverse set of institutional products and services to the digital asset industry and has recently pivoted from BTC mining to hosting AI data-centers, the analyst tells investors in a research note. Maxim expects Galaxy’s gross profit to grow 88% in 2026 and 78% in 2027, reflecting contracted datacenter lease payments from CoreWeave (CRWV) and stronger institutional demand for digital assets.
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