Foresight News reports that, according to CoinDesk, Jefferies has given Galaxy Digital (GLXY) a "buy" rating for the first time in its latest research report, with a target price of $35. The report notes that the United States has improved the crypto regulatory environment through the GENIUS Act, providing a favorable market structure for Galaxy. Galaxy is also expected to benefit from the growth in AI data center demand by leasing a 393-megawatt data center in Texas. Currently, approximately two-thirds of its company value comes from the data center business.
Jefferies gives Galaxy Digital a "buy" rating with a price target of $35
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