Galaxy Digital Sees Bright Future as H.C. Wainwright Boosts Price Target
Financial powerhouse H.C. Wainwright has raised its price target for Galaxy Digital Holdings to $39. This move comes as the company prepares for its Nasdaq listing on May 16.
Galaxy Digital, led by billionaire Mike Novogratz, currently trades at $32.09 per share.Despite a $295 million net loss in Q1 2025,H.C. Wainwright remains optimistic. The firm attributes the loss to tough market conditions for crypto companies.
Analysts see strong growth potential for galaxy Digital. The upcoming Nasdaq listing will enhance its prestige and accessibility. Retail traders on platforms like Robinhood and eToro will soon be able to invest in the company.
Galaxy Digital is also poised to benefit from a potential crypto asset rebound in Q2 2025. Its digital asset services and crypto portfolio are expected to thrive as the industry gains regulatory clarity and attracts more institutional investors.
Moreover, the company’s AI data centers are set to generate notable revenue. A 15-year contract with CoreWeave,worth about $13 million,highlights this potential.
H.C. Wainwright believes Galaxy Digital’s client-facing digital asset businesses will flourish in the second half of 2025. This optimism underscores the company’s promising future in the crypto and AI sectors.
