Morgan Stanley Issues Pessimistic Forecast for Galaxy Digital (NASDAQ:GLXY) Stock Price

Galaxy Digital (NASDAQ:GLXY) had its target price decreased by Morgan Stanley from $43.00 to $36.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 113.78% from the stock’s previous close.

A number of other brokerages also recently issued reports on GLXY. Benchmark raised their price target on shares of Galaxy Digital from $40.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Citizens Jmp reaffirmed a “market outperform” rating and issued a $60.00 price target on shares of Galaxy Digital in a research note on Wednesday. JMP Securities set a $60.00 price objective on Galaxy Digital in a research report on Tuesday, December 9th. Citigroup assumed coverage on shares of Galaxy Digital in a report on Tuesday, December 9th. They issued an “outperform” rating on the stock. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $50.00 target price on shares of Galaxy Digital in a research note on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $45.23.

Galaxy Digital Price Performance

Shares of NASDAQ GLXY opened at $16.84 on Wednesday. The firm has a 50-day simple moving average of $26.61 and a 200-day simple moving average of $29.32. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $6.58 billion and a price-to-earnings ratio of 14.03. Galaxy Digital has a 52 week low of $8.20 and a 52 week high of $45.92.

Galaxy Digital (NASDAQ:GLXY) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported ($1.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.24) by $0.16. The business had revenue of $10.37 billion for the quarter, compared to analysts’ expectations of $13.08 billion.

Insider Buying and Selling

In other Galaxy Digital news, Director Douglas R. Deason purchased 25,000 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was acquired at an average price of $20.80 per share, for a total transaction of $520,000.00. Following the completion of the purchase, the director directly owned 59,000 shares in the company, valued at approximately $1,227,200. The trade was a 73.53% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC purchased a new stake in Galaxy Digital during the 2nd quarter worth about $26,000. Manchester Capital Management LLC acquired a new position in shares of Galaxy Digital during the second quarter worth about $32,000. Centerpoint Advisors LLC purchased a new stake in shares of Galaxy Digital during the second quarter worth approximately $33,000. North Star Investment Management Corp. acquired a new stake in Galaxy Digital in the third quarter valued at approximately $34,000. Finally, ORG Partners LLC raised its holdings in Galaxy Digital by 1,110.0% in the third quarter. ORG Partners LLC now owns 968 shares of the company’s stock valued at $36,000 after acquiring an additional 888 shares in the last quarter.

Trending Headlines about Galaxy Digital

Here are the key news stories impacting Galaxy Digital this week:

• Positive Sentiment: Director Douglas R. Deason purchased 25,000 shares (~$520k at ~$20.80), increasing his stake ~73.5% — an insider buy that signals confidence from management-level ownership. SEC Form 4
• Positive Sentiment: BTIG reiterated a “Buy” rating on GLXY, supporting demand from some institutional investors. BTIG Reiterates Buy
• Positive Sentiment: Citizens Jmp reaffirmed a “market outperform” rating with a $60 price target, highlighting that some brokers still see sizable upside vs. current levels. Citizens Jmp $60 PT
• Neutral Sentiment: Morgan Stanley cut its price target to $36 from $43 but maintained an “overweight” rating — a mixed signal (downgraded target, but positive view). Morgan Stanley PT Cut
• Neutral Sentiment: HC Wainwright trimmed its price target to $40 (from $45) but kept a “buy” rating, leaving upside in models but reducing near-term valuations. HC Wainwright PT Lowered
• Negative Sentiment: Galaxy reported a $482M net loss in Q4 2025 and missed revenue expectations (reported $10.37B vs. $13.08B consensus). The sizable loss and revenue shortfall are the primary catalysts for today’s selloff. Q4 Net Loss Report
• Negative Sentiment: Multiple analysts cut forecasts after the quarter and media coverage highlighted a sharp post-earnings share drop, reinforcing negative sentiment and heavier trading. Analysts Cut Forecasts

About Galaxy Digital

Galaxy Digital Holdings Ltd. (NASDAQ:GLXY) is a diversified financial services and investment management firm dedicated to the digital assets and blockchain technology sectors. Established in 2018 by Mike Novogratz, the company operates across trading, asset management, principal investing and advisory services. Galaxy Digital caters to institutional clients, high-net-worth investors and corporations seeking exposure to cryptocurrencies, decentralized finance (DeFi) protocols and other blockchain-based assets.

In its trading division, Galaxy Digital provides market-making, execution and over-the-counter (OTC) solutions for a wide range of digital tokens.