GLXY, US36317J2096

Galaxy Digital stock gets a lower Goldman Sachs target

Published on 10/08/2026 at 02:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Galaxy Digital stock posted Q2 GAAP EPS of negative USD 0.09 for the quarter ended June 30, 2026. The shares were last at USD 21.40 on October 7.

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Galaxy Digital stock (ISIN US36317J2096) was last at USD 21.40 on October 7, 2026 at 4:00 p.m. ET, down 3.39 percent from USD 22.15. The fresh analyst action came from Goldman Sachs, which cut its price target from USD 28 to USD 24 while keeping a Neutral rating, Markets Insider reported on October 7, 2026.

Goldman cuts target to USD 24

The revised target is 12.3 percent above the October 7 price, narrowing the gap between Galaxy Digital's market valuation and Goldman Sachs' earlier view. The bank cited improving crypto market capitalization and trading volumes, while noting that estimate revisions remain uneven across the sector, according to Markets Insider.

Q2 loss narrows against estimates

For the quarter ended June 30, 2026, Galaxy Digital reported USD 8.71 billion in revenue, a GAAP net loss of USD 85.316 million and diluted EPS of negative USD 0.09, Earnings Today reported. EPS beat the USD 0.36 loss consensus by USD 0.27, or 75.0 percent, while revenue was USD 5.89 billion below the USD 14.60 billion estimate.

The quarterly loss was paired with operating loss of USD 103.825 million and operating cash flow of USD 371.994 million in Q2 2026. Those figures leave the business with two separate investor questions: whether digital-asset activity improves and whether the Helios data-center build can create recurring infrastructure revenue.

Consensus target remains above the stock

Investing.com lists 16 analysts, including 14 Buy ratings, 2 Hold ratings and 0 Sell ratings, for an overall Buy consensus. The average 12-month target is USD 40.63, with a high of USD 57.00 and a low of USD 26.00, according to Investing.com.

The average target stands 89.9 percent above the October 7 price, but the range from USD 26.00 to USD 57.00 shows how widely analysts value Galaxy Digital's exposure to crypto markets and data-center infrastructure. The next scheduled earnings date is October 20, 2026.

Stock remains below its yearly high

Galaxy Digital's USD 21.40 last price sits within a 52-week range of USD 16.43 to USD 45.92 on the Nasdaq. Market capitalization was USD 7.1 billion and volume was 5,558,057 shares as of October 7, 2026.