Piper Sandler initiated coverage of Galaxy Digital (BRPHF) with an Overweight rating and C$29 price target Mainstream crypto sentiment, particularly around bitcoin, is improving, and the trend should continue with greater regulatory clarity and a more crypto-friendly SEC under the incoming Trump administration, the analyst tells investors in a research note. Piper expects the price of bitcoin to rise, leading to expanded profitability and larger bitcoin treasuries for bitcoin miners. The firm says Galaxy Digital “industry-leading” Global Markets segment is positioned well to benefit from growing institutional adoption of crypto.
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Read More on BRPHF:
- Galaxy Digital management to meet with Compass Point
- Galaxy Digital Closes $402.5M Exchangeable Notes Offering
- Galaxy Digital’s Asset Growth Reaches $4.8 Billion
- Galaxy Digital’s $350 Million Upsized Note Offering
- Galaxy Digital Announces $300 Million Notes Offering
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
