On September 3, Galaxy Digital Holdings Ltd. rose 5.22% in regular trading, trading at $25.585/share, with turnover of $10.3742 million.

On the news front, Morgan Stanley raised its price target on Galaxy Digital Holdings Ltd. from $37 to $48 while maintaining an Overweight rating, implying approximately 90% upside from the current stock price, significantly boosting market sentiment. Additionally, the company recently signed a digital asset trading partnership with Bank Leumi, Israel's major bank, to provide digital asset trading services to the bank's customers, further expanding its institutional business footprint.

On the fundamentals side, the company reported a Q2 adjusted loss of $0.09 per diluted share, swinging from adjusted income of $0.08 a year earlier, while revenue came in at $8.56 billion, down from $8.66 billion year-over-year. However, the data center segment delivered $20 million in adjusted gross profit and $11 million in adjusted EBITDA, emerging as a key growth engine. The company also completed Phase I of its Helios data center campus, delivering 133 MW of critical IT load to CoreWeave under a 15-year lease, and acquired 500 acres in Texas for further AI and high-performance computing expansion.

(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.)