Benchmark assumed coverage of the digital assets platform with a buy rating and a C$19 price target. The shares closed over 6% higher on Monday at C$14.76. The company has a “solid balance sheet featuring $1.5 billion in liquidity, trading relationships with 1,161 counterparties, and support of more than 100 different crypto assets,” analyst Mark Palmer wrote.
Galaxy Digital (GLXY) to Benefit From Improving Political Sentiment To Crypto in U.S.: Benchmark
