StoneX reiterated its bullish stance on Galaxy Digital (GLXY), maintaining a Buy recommendation and a $57 price target despite lingering worries about CoreWeave’s debt exposure.
The firm’s research highlights Galaxy’s Helios AI data‑center division, asserting that the market is undervaluing the segment’s growth potential. StoneX points to increasing enterprise demand for AI‑accelerated compute and Galaxy’s strategic positioning within that niche.
While CoreWeave’s recent financing rounds have raised eyebrows over leverage, StoneX argues that the debt concerns are isolated and do not detract from Galaxy’s broader asset base, which includes crypto trading, investment banking, and mining operations.
Investors are urged to look beyond headline‑grabbing debt headlines and focus on the long‑term upside of Galaxy’s diversified exposure to both crypto and AI infrastructure—a combination that could deliver outsized returns as AI adoption accelerates.
