Citi Upgrades Galaxy Digital to Buy, Raises Price Target to $28
Citi upgraded Galaxy Digital to Buy and raised its price target to $28, citing stronger Helios I data center economics and potential Helios II tenant news.
Why it matters
The upgrade signals institutional confidence in Galaxy Digital's pivot toward AI infrastructure and data center operations. A Helios II tenant deal would provide more predictable revenue. Significance is limited to a single analyst's view with no other coverage yet.
Key facts
Citi upgraded Galaxy Digital from Neutral to Buy
Reported by CoinGape
Citi raised its price target for Galaxy Digital from $26 to $28 per share
28 USDReported by CoinGape
The $28 price target implies approximately 40.9% upside from the previous closing price of $19.87
40.9 %Reported by CoinGape
Analyst Peter Christiansen cited stronger Helios I data center economics as a reason for the upgrade
Reported by CoinGape
Citi sees Galaxy Digital's current valuation as offering an attractive risk-reward balance
Reported by CoinGape
What happened
CoinGape reported that Citi upgraded Galaxy Digital (GLXY) from Neutral to Buy and increased its price target from $26 to $28 per share. The new target implies roughly 40.9% upside from the previous close of $19.87. Analyst Peter Christiansen cited improved Helios I data center economics and growing confidence in the company's AI infrastructure strategy. Christiansen also noted a potential Helios II tenant announcement within the next six months, which could improve earnings visibility. The upgrade reflects Citi's view that the stock now offers an attractive risk-reward balance.
How the story developed
- First report
First report by CoinGape
Citi Upgrades Galaxy Digital to Buy, Raises GLXY Price Target to $28
- Update
Citi upgrades Galaxy Digital to Buy with $28 price target
CoinGape reports Citi analyst Peter Christiansen upgraded GLXY from Neutral to Buy, citing Helios I economics and potential Helios II tenant news
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| CoinGape Crypto media | Citi Upgrades Galaxy Digital to Buy, Raises GLXY Price Target to $28 | Original |
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