Key Takeaways
- • Compass Point raised its price target on Galaxy Digital Holdings (NASDAQ: GLXY) to $36 from $35 while maintaining a Buy rating, according to Investing.com, with the stock trading at $19.67 at the time of the report.
- • The analyst cited improving cryptocurrency market conditions and a potential high-performance computing (HPC) deal in the fourth quarter as the basis for the higher target.
- • Compass Point expects Galaxy Digital to report meaningful cryptocurrency gains in its third-quarter results, scheduled for November 5, 2026 per the primary report (a separate publisher listing cites October 27).
- • Galaxy Digital reported a second-quarter 2026 GAAP net loss of $85 million, or $0.09 per share, and firm-wide adjusted EBITDA of negative $77 million, while delivering phase one of its Helios data center on schedule and within budget.
- • H.C. Wainwright reiterated a Buy rating with a $40.00 price target on Galaxy Digital, acknowledging the company's long-term growth potential despite weak crypto asset prices and trading activity.
Summary
Compass Point raised its price target on Galaxy Digital Holdings to $36 from $35 and maintained a Buy rating, according to Investing.com. The stock was trading at $19.67 at the time of the report, implying significant upside to the target. The firm pointed to improving cryptocurrency market conditions and the possibility of a high-performance computing deal in the fourth quarter as the drivers of the higher target. Compass Point analyst Ed Engel, per a separate market report, made the call.
The analyst said a potential HPC deal could materialize in the fourth quarter, particularly if Texas Gov. Greg Abbott wins reelection next month, and described Galaxy Digital's $20 share price as highly attractive ahead of such a deal. Compass Point noted that the fourth quarter is a pivotal period for the company, with midterm elections approaching. The firm also expects Galaxy Digital to report meaningful cryptocurrency gains in its third-quarter earnings.
Galaxy Digital is scheduled to report third-quarter earnings on November 5, 2026, according to the primary report. Investing.com's InvestingPro analysis labels the stock undervalued and forecasts fiscal 2026 earnings of $1.89 per share, a turnaround from recent unprofitability.
The target increase comes against a difficult backdrop. Galaxy Digital reported second-quarter 2026 results with a GAAP net loss of $85 million, or $0.09 per share, and firm-wide adjusted EBITDA of negative $77 million. The company highlighted progress in its AI infrastructure strategy, delivering phase one of its Helios data center on schedule and within budget. H.C. Wainwright separately reiterated a Buy rating with a $40.00 price target, citing the company's long-term growth potential despite challenging conditions for crypto asset prices and trading activity.
The analyst said a potential HPC deal could materialize in the fourth quarter, particularly if Texas Gov. Greg Abbott wins reelection next month, and described Galaxy Digital's $20 share price as highly attractive ahead of such a deal. Compass Point noted that the fourth quarter is a pivotal period for the company, with midterm elections approaching. The firm also expects Galaxy Digital to report meaningful cryptocurrency gains in its third-quarter earnings.
Galaxy Digital is scheduled to report third-quarter earnings on November 5, 2026, according to the primary report. Investing.com's InvestingPro analysis labels the stock undervalued and forecasts fiscal 2026 earnings of $1.89 per share, a turnaround from recent unprofitability.
The target increase comes against a difficult backdrop. Galaxy Digital reported second-quarter 2026 results with a GAAP net loss of $85 million, or $0.09 per share, and firm-wide adjusted EBITDA of negative $77 million. The company highlighted progress in its AI infrastructure strategy, delivering phase one of its Helios data center on schedule and within budget. H.C. Wainwright separately reiterated a Buy rating with a $40.00 price target, citing the company's long-term growth potential despite challenging conditions for crypto asset prices and trading activity.
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