Investment bank StoneX reiterates its Buy rating on Galaxy Digital (GLXY) and maintains a $57 price target.

PANews October 19 news, according to The Block, investment bank StoneX reiterated its "Buy" rating on Galaxy Digital (GLXY) and maintained a $57 price target. The institution believes that Galaxy's current valuation undervalues its AI data center business and in fact does not factor its digital asset business into the valuation at all. Market concerns are mainly focused on CoreWeave's rising borrowing costs and its $35.6 billion in outstanding debt as of the end of June.