Jefferies gives Galaxy Digital a "buy" rating with a target price of $35
According to online reports, Jefferies gave Galaxy Digital (GLXY) a "buy" rating for the first time in its latest research report, with a target price of $35. The report pointed out that the United States has improved the encryption regulatory environment through the GENIUS Act and provided Galaxy with a favorable market structure. Galaxy is also expected to benefit from increased demand for AI data centers by leasing a 393-megawatt data center in Texas. Currently, about two-thirds of its company's value comes from its data center business.
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