Canaccord Genuity gives Galaxy Digital a buy rating
Canaccord Genuity has given billionaire Mike Novogratz's Galaxy Digital a buy rating with a target price of CAD 17. Analyst Joseph Vafi wrote that Galaxy "represents one of the most diversified plays on digital assets," and its institutional trading business is a "growth driver." The analyst mentioned the upcoming launch of Galaxy One, a cryptocurrency OTC trading platform, and believes that with the rise in spot ETF prices and the upcoming halving and trading, Galaxy Digital's financial report should perform well.
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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