Galaxy Digital (GLXY) well-positioned for benefits from digital assets adoption, Canaccord Genuity raised price target to C$23 from C$17.
Analysts cited regulatory improvements, business execution, and realization on valuation as reasons for the price target increase.
Recent mainstream adoption shift in digital assets noted, with SEC approval of ether ETFs and Galaxy's strong ETF market presence highlighted.
Galaxy's role as exclusive advisor to Bitstamp sale and ownership of Helios mining facility in Texas positioned for benefits in AI-driven mining deals emphasized.
#galaxy-digital #digital-assets-adoption #price-target-increase #mining-assets-appreciation #ai-trend
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