Galaxy Digital Q3 Earnings Forecast Raised by Maxim Group

Galaxy Digital Inc. (NASDAQ:GLXY) – Research analysts at Maxim Group lifted their Q3 2026 earnings estimates for Galaxy Digital in a research report issued on Thursday, October 22nd. Maxim Group analyst M. Galinko now forecasts that the company will post earnings of $0.39 per share for the quarter, up from their prior forecast of ($0.44). Maxim Group currently has a “Buy” rating and a $36.00 target price on the stock. The consensus estimate for Galaxy Digital’s current full-year earnings is ($0.59) per share. Maxim Group also issued estimates for Galaxy Digital’s Q4 2026 earnings at ($0.97) EPS and FY2026 earnings at ($1.12) EPS.

A number of other research firms have also recently commented on GLXY. Rosenblatt Securities dropped their target price on Galaxy Digital from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday. Morgan Stanley lowered their price target on Galaxy Digital from $48.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, October 9th. Weiss Ratings cut Galaxy Digital from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Chardan Capital reissued a “buy” rating and issued a $35.00 price objective on shares of Galaxy Digital in a research note on Tuesday. Finally, The Goldman Sachs Group set a $20.50 target price on Galaxy Digital in a report on Tuesday. Eleven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.62.

Galaxy Digital Stock Up 9.6%

Shares of GLXY opened at $17.18 on Monday. Galaxy Digital has a fifty-two week low of $14.19 and a fifty-two week high of $38.54. The business’s 50-day moving average is $22.10 and its two-hundred day moving average is $24.33.

Galaxy Digital (NASDAQ:GLXY) last released its earnings results on Tuesday, October 27th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.54. The firm had revenue of $8.69 billion during the quarter.

Insider Buying and Selling at Galaxy Digital

In other news, Director Steven Bandrowczak acquired 5,100 shares of the business’s stock in a transaction on Monday, August 10th. The stock was bought at an average price of $19.63 per share, for a total transaction of $100,113.00. Following the transaction, the director owned 39,186 shares in the company, valued at $769,221.18. This represents a 14.96% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Matthew Friedrich sold 4,993 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $27.03, for a total value of $134,960.79. Following the transaction, the insider directly owned 275,782 shares of the company’s stock, valued at approximately $7,454,387.46. This trade represents a 1.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 51.53% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Galaxy Digital

Large investors have recently bought and sold shares of the stock. State Street Corp increased its position in Galaxy Digital by 99.7% during the 2nd quarter. State Street Corp now owns 3,833,993 shares of the company’s stock worth $104,821,000 after purchasing an additional 1,913,688 shares in the last quarter. Moore Capital Management LP grew its stake in shares of Galaxy Digital by 52.9% in the second quarter. Moore Capital Management LP now owns 2,082,250 shares of the company’s stock valued at $56,929,000 after buying an additional 720,000 shares in the last quarter. Sullivan Wood Capital Management LLC increased its stake in Galaxy Digital by 4.0% during the 3rd quarter. Sullivan Wood Capital Management LLC now owns 1,460,546 shares of the company’s stock worth $33,213,000 after buying an additional 55,804 shares during the period. Bank of America Corp DE increased its holdings in Galaxy Digital by 112.4% during the 2nd quarter. Bank of America Corp DE now owns 1,145,172 shares of the company’s stock worth $31,309,000 after purchasing an additional 605,986 shares during the last quarter. Finally, Anson Funds Management LP bought a new stake in shares of Galaxy Digital in the 1st quarter worth about $11,070,000.

Key Stories Impacting Galaxy Digital

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

• Positive Sentiment: Galaxy reported third-quarter adjusted EPS of $0.83, well above the $0.29 analyst consensus, with quarterly revenue of approximately $8.69 billion. The earnings beat supports the recent improvement in the stock. Galaxy Announces Third Quarter 2026 Financial Results
• Positive Sentiment: Reports highlighted a roughly $323 million quarterly profit, helped by a rebound in Galaxy’s investment portfolio and expanding data-center operations. Galaxy Digital reports $323M quarterly profit as AI data center revenue surges
• Positive Sentiment: Management emphasized growth in its AI infrastructure and Helios data-center initiatives on the earnings call, giving investors a potential long-term growth driver beyond cryptocurrency trading. Galaxy Digital Earnings Call Highlights AI and Helios Growth
• Positive Sentiment: Chardan Capital reaffirmed its Buy rating and set a $35 price target, implying substantial upside from recent trading levels.
• Neutral Sentiment: Reported short interest was effectively zero, suggesting limited evidence of a crowded bearish trade, though the figure may reflect reporting or data limitations.
• Negative Sentiment: BTIG Research cut its price target from $45 to $35, while Rosenblatt lowered its target from $35 to $30. Both firms retained Buy ratings, indicating reduced expectations but continued long-term optimism.
• Negative Sentiment: The stock has suffered a significant decline from its 2025 high, and Galaxy continues to face volatility tied to cryptocurrency prices, investment gains and losses, and execution risks in its data-center expansion. Galaxy Digital stock is crashing: will its earnings turn the tide?

Galaxy Digital Company Profile

Galaxy Digital is a financial services and investment management company focused on digital assets and blockchain technology. Founded in 2018 by Michael Novogratz, the company provides institutional investors, corporations and other market participants with services spanning trading, asset management, investment banking, principal investments and venture capital.

Its offerings include spot and derivatives trading, lending and structured products, digital-asset funds and separately managed accounts, as well as advisory services for mergers, acquisitions, capital raising and other strategic transactions.