GLXY, US36317J2096

Citi lifts Galaxy Digital stock target to USD 28.00

Published on 10/15/2026 at 22:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Galaxy lost USD 85.00 million in the second quarter. Galaxy Digital stock last stood at USD 18.25 on October 15, 2026, up 1.78 percent on Nasdaq.

Citi target and reporting date

On October 13, 2026, Citi raised Galaxy Digital's target from USD 26.00 to USD 28.00.
Galaxy Digital reported a USD 85.00 million GAAP net loss for the second quarter of 2026.
Galaxy Digital stock last stood at USD 18.25 on October 15, 2026 at 4:00 p.m. ET, up 1.78 percent versus the prior close of October 14, 2026.
Galaxy Digital is scheduled to report third-quarter results on October 27, 2026.

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Citi upgraded Galaxy Digital stock from Neutral to Buy and raised its target from USD 26.00 to USD 28.00 on October 13, 2026, as CNBC reported. The new target is 53.42 percent above the latest USD 18.25 price. Galaxy Digital was last at USD 18.25 on Nasdaq on October 15, 2026 at 4:00 p.m. ET, up 1.78 percent versus the prior close of USD 17.93 on October 14, 2026.

USD 85.00 million loss

Galaxy reported a GAAP net loss of USD 85.00 million, or USD 0.09 per share, in the second quarter of 2026. Firm-wide adjusted EBITDA was negative USD 77.00 million for the period, according to the Benzinga transcript published on October 8, 2026. The figures give the analyst upgrade a difficult earnings backdrop, even as Citi pointed to the companys infrastructure strategy.

Price stays above yearly low

The Nasdaq price was USD 1.85, or 11.28 percent, above the USD 16.40 52-week low and USD 27.67, or 60.26 percent, below the USD 45.92 high as of October 15, 2026. Trading volume reached 12,803,995 shares against an average of 5,816,240 shares, putting activity above its recent average.

Valuation and October 27 date

Galaxy Digital had a market capitalization of USD 6.1 billion and a trailing P/E ratio of negative 30.42 on October 15, 2026. The next scheduled checkpoint is the third-quarter report before the Nasdaq open on October 27, 2026, followed by an 8:30 a.m. ET investor call, according to Market Chameleon.

Comparison with peers

Galaxy Digital (Nasdaq, USD): plus 1.78 percent, P/E negative 30.42, market capitalization USD 6.1 billion
Coinbase Global (Nasdaq, USD): plus 6.32 percent, P/E negative 47.87, market capitalization USD 48.5 billion
Robinhood Markets (Nasdaq, USD): plus 2.88 percent, P/E 45.81, market capitalization USD 93.5 billion

What the figures leave investors

The picture combines a weak recent profit result with a sharply higher analyst target and a scheduled earnings date. The target distance is substantial, but the negative trailing P/E reflects the latest loss rather than a conventional earnings valuation.

Galaxy Digital market data