Movement Alert｜Galaxy Digital Holdings Ltd. Falls 5.13% in Pre-Market Trading, Post-Earnings Trading Turns Mixed Despite Bullish Analyst Views

Market Focus10-29 19:57

On October 29, Galaxy Digital Holdings Ltd. fell 5.13% in Pre-Market Trading, trading at $18.11 per share with turnover of $1.2062 million.

The latest market catalyst points to a post-earnings split in short-term trading sentiment: the company delivered third-quarter results above consensus, while several Wall Street firms maintained constructive views, yet the stock pulled back as near-term positioning turned mixed.

Galaxy Digital Holdings Ltd. reported adjusted EPS of $0.83 for the third quarter, above expectations that ranged from $0.11 to $0.29. Revenue was $8.69 billion, slightly ahead of estimates near $8.55 billion, but below $29.22 billion a year earlier. Earlier rating actions remained supportive, with Citigroup upgrading the stock to Buy with a $28 target and Morgan Stanley raising its target to $48 while maintaining an Overweight rating.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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