According to BlockBeats, on June 11, brokerage firm Canaccord Genuity raised the target price for Galaxy Digital (GLXY) from 17 Canadian dollars to 23 Canadian dollars, while maintaining a buy rating.
In a research report released on Monday, Canaccord Genuity stated that Galaxy Digital (GLXY) is in a favorable position as its strong institutional risk exposure will benefit from the continued adoption of structural digital assets. If the trend of artificial intelligence continues, the company's mining assets could appreciate in value.