Galaxy Digital (NASDAQ:GLXY) Stock Price Up 5.2% – Here’s Why

Galaxy Digital Inc. (NASDAQ:GLXY)’s stock price shot up 5.2% on Friday . The company traded as high as $33.88 and last traded at $33.64. 4,840,897 shares were traded during mid-day trading, a decline of 21% from the average session volume of 6,152,608 shares. The stock had previously closed at $31.99.

Galaxy Digital News Roundup

Here are the key news stories impacting Galaxy Digital this week:

• Positive Sentiment: ERCOT approved an additional 830 MW at Galaxy’s Helios campus, doubling authorized capacity to >1.6 GW and backing a signed service agreement with AEP — a clear capacity and revenue runway for AI/data‑center demand. Galaxy Completes ERCOT Interconnection Studies and Secures Approval for Additional 830 Megawatts at Helios Data Center Campus
• Positive Sentiment: CEO Mike Novogratz said Galaxy is “potentially in negotiation” with hyperscalers for the 830 MW expansion — implying committed customers or strong demand that would de‑risk volume and future leasing/revenue. Galaxy potentially “in negotiation” with hyperscalers for 830 MW Helios expansion: Novogratz
• Positive Sentiment: Market coverage and media reporting tied to the Helios approvals spurred intraday buying and momentum headlines (multiple outlets highlighted the data‑center expansion as a major strategic pivot). Galaxy Digital (GLXY) soars 13.5% on Helios data center expansion
• Positive Sentiment: Galaxy closed the initial $75M tranche of a debut tokenized CLO (on Avalanche) to fund lending — this creates on‑chain institutional capital for its lending book and supports recurring fee/income diversification. Galaxy Digital Announces Initial Closing of Tokenized CLO at $75M
• Positive Sentiment: Wall Street analyst coverage shows large upside in consensus price targets (Zacks highlights ~52% average upside), which can attract buyers and momentum traders. Wall Street Analysts Think Galaxy Digital Inc. (GLXY) Could Surge 52.02%: Read This Before Placing a Bet
• Neutral Sentiment: Galaxy scheduled its Q4 & full‑year 2025 results and an investor webcast on Feb 3 — an upcoming earnings print can add short‑term volatility depending on guidance and data‑center/crypto mix. Galaxy Schedules Webcast and Investor Call to Review Fourth Quarter and Full Year 2025 Results on February 3, 2026
• Neutral Sentiment: Broader market commentary (MarketBeat week review) and sector rotation into AI/data‑center names are background forces that can amplify moves but aren’t Galaxy‑specific catalysts. The Bullish Case for Galaxy Digital in 2026
• Negative Sentiment: Risks remain — Galaxy still has material exposure to crypto trading and prior capital‑raising (exchangeable notes), which can create dilution and earnings volatility if markets wobble. Investors should weigh the data‑center upside against ongoing crypto risk. The Bullish Case for Galaxy Digital in 2026

Wall Street Analyst Weigh In

Several brokerages have weighed in on GLXY. Benchmark upped their price objective on shares of Galaxy Digital from $40.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. The Goldman Sachs Group reduced their target price on Galaxy Digital from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Rosenblatt Securities increased their price target on Galaxy Digital from $35.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Morgan Stanley assumed coverage on Galaxy Digital in a research report on Thursday, November 6th. They issued an “overweight” rating and a $42.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Galaxy Digital in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $46.00.

Galaxy Digital Stock Up 7.3%

The business’s fifty day simple moving average is $26.05 and its 200 day simple moving average is $28.71. The stock has a market cap of $13.40 billion and a price-to-earnings ratio of 28.59. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.36.

Galaxy Digital (NASDAQ:GLXY) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.74. The company had revenue of $28.40 billion during the quarter, compared to the consensus estimate of $19.85 billion. During the same quarter in the prior year, the business earned ($0.16) earnings per share.

Insider Transactions at Galaxy Digital

In related news, Director Douglas R. Deason bought 10,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was bought at an average cost of $29.59 per share, for a total transaction of $295,900.00. Following the transaction, the director owned 10,000 shares of the company’s stock, valued at $295,900. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Galaxy Digital by 15.5% in the third quarter. Vanguard Group Inc. now owns 16,206,111 shares of the company’s stock valued at $547,950,000 after purchasing an additional 2,179,540 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in Galaxy Digital in the 2nd quarter valued at about $113,435,000. Invesco Ltd. acquired a new position in shares of Galaxy Digital in the 2nd quarter valued at approximately $53,233,000. Tidal Investments LLC bought a new stake in shares of Galaxy Digital during the 2nd quarter worth approximately $48,452,000. Finally, Geode Capital Management LLC bought a new stake in shares of Galaxy Digital during the 2nd quarter worth approximately $43,525,000.

About Galaxy Digital

Galaxy Digital Holdings Ltd. (NASDAQ:GLXY) is a diversified financial services and investment management firm dedicated to the digital assets and blockchain technology sectors. Established in 2018 by Mike Novogratz, the company operates across trading, asset management, principal investing and advisory services. Galaxy Digital caters to institutional clients, high-net-worth investors and corporations seeking exposure to cryptocurrencies, decentralized finance (DeFi) protocols and other blockchain-based assets.

In its trading division, Galaxy Digital provides market-making, execution and over-the-counter (OTC) solutions for a wide range of digital tokens.