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Galaxy's Novogratz says he will buy more GLXY shares

NewsFeeds update

Galaxy CEO Mike Novogratz said the US midterm 'blue wave' has weighed on the company but political factors should not be confused with long-term fundamentals. He said GLXY shares are significantly disconnected from Galaxy's value and that he will increase his stake from now on.

MacroOdailyAIBullish

Read the original on Odaily

The story so far: Galaxy Digital stock and CoreWeave concerns

StoneX repeated its Buy rating on Galaxy Digital with a $57 target, saying the valuation understates its AI data centre business and ignores digital assets, amid worries over CoreWeave's borrowing costs and debt. Galaxy Digital shares fell 30% over two weeks on CoreWeave concerns. CEO Mike Novogratz now says GLXY's…

Headlines only, oldest first. Open a headline for the full update and the outlet it came from.

  1. StoneX says Galaxy Digital is undervalued and repeats Buy rating with $57 target

  2. Galaxy Digital falls 30% in two weeks on CoreWeave concerns as StoneX calls stock undervalued

  3. Galaxy's Mike Novogratz says share price is detached from value and will buy more stock

  4. Galaxy's Novogratz says he will buy more GLXY shares

More Macro updates

  1. Shanghai Stock Exchange says listed companies' market value tops 65tn yuan

    MacroPANewsAINeutral

  2. Goldman Sachs says gold's slide is driven by speculative unwinding, not real rates

    MacroPANewsAINeutral

  3. Morgan Stanley says add exposure over next two to three weeks after US tech slide

    MacroBloomingbitAIBullish

Every Macro update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.