Piper Sandler initiated coverage of Galaxy Digital (BRPHF) with an Overweight rating and C$29 price target Mainstream crypto sentiment, particularly around bitcoin, is improving, and the trend should continue with greater regulatory clarity and a more crypto-friendly SEC under the incoming Trump administration, the analyst tells investors in a research note. Piper expects the price of bitcoin to rise, leading to expanded profitability and larger bitcoin treasuries for bitcoin miners. The firm says Galaxy Digital “industry-leading” Global Markets segment is positioned well to benefit from growing institutional adoption of crypto.
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