Canaccord raised the target price for Galaxy from CAD 17 to CAD 23

2024-06-11 10:18:49

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ChainCatcher news, according to CoinDesk, broker Canaccord has raised the target price for Galaxy Digital (GLXY) from CAD 17 to CAD 23, while maintaining a buy rating.

Broker Canaccord Genuity stated in a research report on Monday that Galaxy Digital (GLXY) is well-positioned as its strong institutional risk exposure will benefit from the continued adoption of structural digital assets. If the AI trend continues, the company's mining assets may appreciate.

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Galaxy

Cryptocurrency financial services and investment management company

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