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Investment bank Stifel gives Galaxy Digital a buy rating with a target price of 20 Canadian dollars

Investment bank Stifel gives Galaxy Digital a buy rating with a target price of 20 Canadian dollars

2024/03/15 08:53
BTC+0.85%ETH+0.14%

According to a report by Jinse Caijing, investment bank Stifel (SF) stated in a research report on Wednesday that Galaxy Digital should be a core holding for stock investors looking to enter the digital asset ecosystem. Stifel has given it a buy rating with a target price of 20 Canadian dollars. Galaxy closed down 4.7% on Thursday at 13.11 Canadian dollars. Analysts Bill Papanastasiou and Suthan Sukumar said: "The company has asymmetric return characteristics, significant principled risk exposure compared to Bitcoin and Ethereum; diversified revenue-generating businesses in trading, investment banking, and asset management; and long-term potential for massive growth through its infrastructure solutions division."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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