H.C. Wainwright has initiated coverage on Galaxy Digital Holdings stock with a Buy rating and a price target of C$24. The analyst believes that Galaxy Digital offers diversified exposure for investors and sees several near-term catalysts for the company, including growth in the cryptocurrency market and institutional adoption. The analyst also expects Galaxy Digital shares to outperform crypto prices during bull markets. Galaxy Digital, founded in 2018, provides a range of digital asset services and products globally. The company expects digital assets to continue growing amid rapid adoption.



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