Galaxy Digital's Stock Declines Amid Broader Market Weakness
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 30 Jan 26
Galaxy Digital Inc (GLXY) saw its stock price drop by 7.84% as it crossed below the 20-day SMA, reflecting a challenging trading environment.
Despite Galaxy Digital's strong performance in January with a 41.79% gain and a Buy rating of 4.41, the overall market is facing pressure, with the Nasdaq-100 down 1.39% and the S&P 500 down 0.82%. This indicates a sector rotation, as investors are reallocating their portfolios in response to broader market weakness.
The implications of this decline suggest that while Galaxy Digital has shown potential for growth, external market conditions are currently overshadowing its positive performance, leading to a reevaluation of investor sentiment.
Analyst Views on GLXY
Wall Street analysts forecast GLXY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GLXY is 45.89 USD with a low forecast of 26.00 USD and a high forecast of 60.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 29.960
Low
26.00
Averages
45.89
High
60.00
Current: 29.960
Low
26.00
Averages
45.89
High
60.00
About GLXY
Galaxy Digital Inc. is engaged in the business of digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence (AI). The Company's digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, it develops and operates data center infrastructure to power AI and high-performance computing workloads. The Company's segments include Digital Assets, Data Centers, and Treasury and Corporate. Its Digital Assets operating business segment provides new products and capabilities such as staking, margin-based financing and active exchange-traded funds. The Data Centers segment comprises the Helios infrastructure assets. Its Data Centers segment develops and operates High Performance Computing (HPC) infrastructure to meet the growing demand for large-scale, power-ready facilities in the AI/HPC industry.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
