PANews reported on October 19, citing The Block, that investment bank StoneX reiterated its "Buy" rating on Galaxy Digital (GLXY) and maintained a $57 price target. The firm believes Galaxy's current valuation undervalues its AI data center business and effectively does not factor its digital asset business into the valuation. Market concerns are mainly focused on CoreWeave's rising borrowing costs and its $35.6 billion in outstanding debt as of the end of June.

Source: PANews

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