Canaccord Genuity Reaffirms 'Buy' Rating For Galaxy Digital Holdings With CA$17.00 Target
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Canaccord Genuity reaffirms its 'Buy' rating for Galaxy Digital Holdings (OTC:BRPHF) with a CA$17.00 price target, following a strong Q1 2024 performance. Galaxy Digital reported a 40% increase in net income, significant growth in trading and asset management segments, and expansion in its mining infrastructure.
May 22, 2024 | 11:13 am
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Canaccord Genuity reaffirms its 'Buy' rating for Galaxy Digital Holdings with a CA$17.00 price target, following a strong Q1 2024 performance. The company reported a 40% increase in net income, significant growth in trading and asset management segments, and expansion in its mining infrastructure.
The reaffirmation of the 'Buy' rating and the strong Q1 performance indicate positive investor sentiment and potential for short-term price appreciation. The company's diversified growth across trading, asset management, and mining infrastructure supports this outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100