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StoneX keeps USD 57 target for Galaxy Digital stock

Published on 10/20/2026 at 21:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Galaxy Digital reported a USD 85.00 million second-quarter loss on October 8, 2026. Galaxy Digital stock costs EUR 14.15 on October 20, 2026 at Lang & Schwarz.

Analyst target and operating figures

StoneX maintained a USD 57.00 target and Buy rating for Galaxy Digital on October 19, 2026.
Galaxy Digital reported a USD 85.00 million GAAP net loss and a USD 77.00 million adjusted EBITDA loss for the second quarter of 2026.
Galaxy Digital stock costs EUR 14.15 at Lang & Schwarz on October 20, 2026 at 9:00 p.m. CEST.

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StoneX maintained a Buy rating and a USD 57.00 price target for Galaxy Digital on October 19, 2026, according to The Block. Galaxy Digital stock was at EUR 14.15 at Lang & Schwarz on October 20, 2026 at 9:00 p.m. CEST in after-hours trading.

StoneX highlights Helios scale

The analyst view centers on Galaxy Digital's Helios AI data center business and its exposure to CoreWeave. The Block reported that the first 800 megawatts of contracted capacity depend on one tenant, while CoreWeave had USD 35.60 billion of debt outstanding at the end of June 2026.

StoneX analyst Mark Palmer argued that the market undervalued Helios and effectively assigned little value to Galaxy Digital's digital asset operations. The same report said Galaxy Digital delivered the first 133 megawatts of critical IT load under a 15-year lease in July 2026.

Second-quarter loss shows the risk

Galaxy Digital reported a GAAP net loss of USD 85.00 million and firm-wide adjusted EBITDA of minus USD 77.00 million for the second quarter of 2026, according to Benzinga. The company also reported USD 20.00 million of adjusted gross profit and USD 11.00 million of adjusted EBITDA from data centers in that quarter.

Those figures show the split in the business. Digital assets remained exposed to weaker token prices, while Helios had begun producing operating income. Benzinga reported that combined operating businesses generated USD 86.00 million of adjusted gross profit and USD 1.00 million of adjusted EBITDA in the second quarter.

Price and market value

The Lang & Schwarz price was EUR 14.15 on October 20, 2026 at 9:00 p.m. CEST. The primary Nasdaq quote was USD 15.89 on October 20, 2026 at 3:01 p.m. ET, while Galaxy Digital's market capitalization was USD 5.3 billion.

Galaxy Digital's second-quarter figures and the StoneX assessment leave two separate issues for investors: execution at Helios and the sensitivity of the digital asset business to token prices. The latest reported quarter included USD 10.8 billion of total assets and USD 2.5 billion of cash and stablecoins, according to Benzinga.

Galaxy Digital stock stays tied to execution

The StoneX target reflects a valuation case built around data center expansion, while the second-quarter loss highlights the financial volatility that remains in the digital asset segment. The next reported period will provide the next formal test of that balance.

The further course of trading is shown by the continuously updated real-time quote of Galaxy Digital stock.