--- title: "Weekly Recap | Galaxy Digital -9.05%, consensus target above spot" type: "News" locale: "en" url: "https://longbridge.com/en/news/302951353.md" description: "Galaxy Digital (GLXY) fell 9.05% this week to close at $14.68, underperforming the S&P 500 by about 8.58 percentage points even as the benchmark slipped 0.47%. The stock had a wide 17.32% swing for the week and a reversal pattern: after Monday’s (19 Oct) slide to $15.72, it rebounded on Tuesday (20 Oct) and Wednesday (21 Oct), hitting a weekly high of $17.45 intraday, then fell back to $15.29 on Thursday (22 Oct) and closed at the week’s low of $14.68 on Friday (23 Oct)." datetime: "2026-10-24T06:21:50.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/302951353.md) - [en](https://longbridge.com/en/news/302951353.md) - [zh-HK](https://longbridge.com/zh-HK/news/302951353.md) generator: "portal-rs" --- # Weekly Recap | Galaxy Digital -9.05%, consensus target above spot ## The Week Galaxy Digital (GLXY) fell 9.05% this week to close at $14.68, underperforming the S&P 500 by about 8.58 percentage points even as the benchmark slipped 0.47%. The stock had a wide 17.32% swing for the week and a reversal pattern: after Monday’s (19 Oct) slide to $15.72, it rebounded on Tuesday (20 Oct) and Wednesday (21 Oct), hitting a weekly high of $17.45 intraday, then fell back to $15.29 on Thursday (22 Oct) and closed at the week’s low of $14.68 on Friday (23 Oct). ## Key Events Galaxy Digital’s narrative this week ran along two lines: its own business mix and shifting market sentiment. Coverage early in the week traced a roughly 30% drop over two weeks while pointing to a 751% surge in data-centre revenue as a quiet transformation. Citi then upgraded Galaxy and Gemini while naming Circle and Bullish as top crypto picks; on the same day Piper Sandler cut price targets for MARA, RIOT, HUT and GLXY amid the AI trade reversal, hotter inflation and pricier debt. By Wednesday, Bitcoin reached $82,000 and ETH, XRP and Dogecoin gained around 3% on stronger ETF flows, helping Galaxy Digital rally about 7% intraday, with some call options up 266%. Later in the week, with earnings approaching, Morgan Stanley reiterated its buy rating while Galaxy itself warned that the momentum unwind exposed hidden risks in market-neutral strategies; the stock hit a record low in after-hours trading. ## Analyst Ratings Sixteen brokers cover Galaxy Digital: 10 rate it buy, 5 rate it overweight and 1 rates it hold, with no underweight or sell ratings. The consensus rating is strong buy and the consensus target price sits at $38.81, roughly 164.39% above the week’s close of $14.68. Targets range from $24 to $57, which is a wide spread. Within the asset management and custody banking industry, Galaxy Digital ranks 11th, with fewer covering brokers than the industry mean of 7 and median of 6. ## The Week Ahead Galaxy Digital reports fiscal Q3 2026 results before the open on Tuesday, 27 Oct, with consensus at $0.0933 EPS and $8.697 billion in revenue. The same week brings a heavy run of US macro data: consumer confidence, durable goods orders, FHFA home prices and new home sales, all of which will shape risk appetite and flows into crypto-linked assets. ## In Short Galaxy Digital’s share-price slide this week sits against a backdrop of strong-buy consensus and a price target more than 160% above spot, creating clear tension. Fast-growing data-centre revenue coexists with cost pressures on crypto miners, and the company’s own warning about momentum reversals has put a question mark over market-neutral positioning. The next test is whether next week’s earnings can back the transformation story, and how macro data reprices risk sentiment. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [GLXY.US](https://longbridge.com/en/quote/GLXY.US.md) - [GLXU.US](https://longbridge.com/en/quote/GLXU.US.md) ## Related News & Research - [Crypto VC-backed company valuations hit record near $90 million in Q3 2026, Galaxy Digital says](https://longbridge.com/en/news/302923218.md) - [3 'Strong Buy' High-Risk Stocks with Double-Gain Potential](https://longbridge.com/en/news/302609337.md) - [Galaxy Digital Says AI Agent Growth Drives Need for Proof of Personhood](https://longbridge.com/en/news/302113223.md) - [Why is Galaxy Digital Stock Surging Tuesday?](https://longbridge.com/en/news/301721995.md) - [Coldcard says it’s investigating how phishing link appeared on its X account](https://longbridge.com/en/news/301504261.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**