According to The Block, StoneX reiterates a Buy rating for Galaxy Digital Holdings (GLXY) with a $57 target price. The firm notes that the market currently undervalues Galaxy’s Helios AI data center business, even while acknowledging concerns related to CoreWeave’s debt situation.
StoneX does not link the valuation concern directly to CoreWeave’s financial status but emphasizes that Galaxy’s standalone AI data center operations appear reasonably priced relative to current market levels. The comment reflects StoneX’s assessment based on available information at the time of the statement.
The remarks come as part of StoneX’s latest public commentary on GLXY. No new analysis, updated targets beyond $57, or additional quantitative metrics are mentioned. The firm does not reference investor action, trading volume, or timing of any potential transaction involving CoreWeave or Helios.
