Galaxy Digital (GLXY) to Benefit From Improving Political Sentiment To Crypto in U.S.: Benchmark

Benchmark assumed coverage of the digital assets platform with a buy rating and a C$19 price target. The shares closed over 6% higher on Monday at C$14.76. The company has a “solid balance sheet featuring $1.5 billion in liquidity, trading relationships with 1,161 counterparties, and support of more than 100 different crypto assets,” analyst Mark Palmer wrote.