Canaccord raised the target price for Galaxy from CAD 17 to CAD 23

ChainCatcher news, according to CoinDesk, broker Canaccord has raised the target price for Galaxy Digital (GLXY) from CAD 17 to CAD 23, while maintaining a buy rating.

Broker Canaccord Genuity stated in a research report on Monday that Galaxy Digital (GLXY) is well-positioned as its strong institutional risk exposure will benefit from the continued adoption of structural digital assets. If the AI trend continues, the company's mining assets may appreciate.