StoneX says Galaxy's AI data center is undervalued, keeps $57 target
The brokerage repeats its Buy rating on Galaxy Digital's stock, arguing the market is underpricing the Helios AI data center even as CoreWeave's debt makes investors nervous.
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Key takeaways
- StoneX reiterated a Buy rating on Galaxy (GLXY) with a $57 price target.
- The firm says the market undervalues Galaxy's Helios AI data center.
- Worries about CoreWeave's debt are weighing on sentiment toward AI infrastructure plays.
- The note is an analyst opinion, not a change in Galaxy's reported results.
StoneX still likes Galaxy. The brokerage reiterated its Buy rating and $57 price target on GLXY, and its pitch is simple: the market isn't paying enough for the company's Helios AI data center.
What StoneX is saying
It comes down to valuation. StoneX thinks investors are underpricing Helios, Galaxy's AI-focused data center business. And the timing isn't an accident, because worries about CoreWeave's debt have been hanging over the whole sector.
CoreWeave is one of the best-known names in AI computing infrastructure. When its balance sheet gets questioned, investors get jumpy about anything that looks like it. StoneX's read is that Galaxy is getting dragged into that wider unease, even though its AI data center business deserves a higher valuation on its own merits. That's the analyst's claim. You don't have to swallow it whole.
What we don't know
Here's what the source hands us: the rating, the target and the thesis. Here's what it doesn't: the detailed model behind the $57 figure. So we can't tell how much of that target leans on Helios versus Galaxy's other businesses. Treat it as one analyst's opinion, nothing more.
Why it matters
Galaxy is a crypto-native company, yet part of the bull case now rests on AI compute demand. Keep an eye on that pattern. If you hold GLXY or other crypto-linked equities, your exposure may be moving with AI credit sentiment as much as with bitcoin. And here's the catch: if CoreWeave's debt troubles get worse, the market may keep lumping Galaxy in with it, whatever StoneX thinks. So is Helios a separate story, or the same bet in different clothes?
Source: The Block
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