Citi Upgrades Galaxy Digital to Buy, Lifts GLXY Target to $28
- —GLXY price target raised to $28 from $26, implying 40.9% upside from $19.87
- —Citi also lifted Coinbase target to $230 from $210 and upgraded Gemini to Neutral
- —Securitize downgraded to Neutral ahead of third-quarter earnings
- —GLXY shares fell more than 2% on Tuesday despite the upgrade
Why it matters: The upgrade signals Citi's growing bet on crypto-linked companies and their AI infrastructure ahead of quarterly earnings.
Source: CoinGape