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Benzinga
Benzinga
Business
Henry Khederian

BIZARRE: Galaxy digital glxy shares pull back friday what s going on - What They Never Told You

Galaxy GLXY Galaxy Digital Galaxy Digital Inc Bitcoin Jefferies Rosenblatt
galaxy digital shutterstock

Shares of digital asset financial services firm Galaxy Digital Inc (NASDAQ:GLXY) are trading lower Friday afternoon, bucking the positive sentiment from a new analyst price target hike. The decline could be linked to profit-taking following a rally earlier in the week.

What To Know: On Friday, Rosenblatt analyst Chris Brendler maintained a Buy rating on Galaxy, while raising the firm's price target on the stock to $36 from $25. This move signals strong continued confidence from Wall Street in the company’s trajectory.

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