Why Is Galaxy Digital Stock Surging Thursday?
Galaxy Digital (GLXY) jumped 11%+ after Morgan Stanley raised its price target to $48. Crypto market tailwinds & lending boost shares.
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Reported August 13, 2026: Governor Abbott Announces Galaxy, Compass Datacenters And Montera Infrastructure Commit To Comply With His Data Center Standards
https://gov.texas.gov/news/post/governor-abbott-announces-galaxy-compass-datacenters-and-montera-infrastructure-commit-to-comply-with-his-data-center-standards
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Galaxy Digital shares are trading higher after Morgan Stanley maintained its Overweight rating on the stock and raised its price target from $37 to $48.
Morgan Stanley Maintains Overweight on Galaxy Digital, Raises Price Target to $48
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Galaxy Digital launches a crypto-backed credit line letting clients borrow against Bitcoin, Ethereum and staked Solana without selling.