StoneX reiterated its Buy rating and $57 price target on $GLXY, arguing that Galaxy's

THE BLOCK: StoneX reiterated its Buy rating and $57 price target on $GLXY, arguing that Galaxy's current valuation undervalues its AI data center business and effectively assigns no value to its digital asset operations.The concerns center on CoreWeave's rising borrowing costs and $35.6 billion in debt outstanding at the end of June.

Source: The Block