Benchmark sees Helios AI expansion at Galaxy Digital as underpriced potential
The renowned investment bank Benchmark has released an optimistic report on the shares of the cryptocurrency company Galaxy Digital. According to analysts, the GLXY stock price has a potential upside of nearly 80% even without factoring in the monetization of the expanded capacity of their Helios AI division.
Helios AI is a division of Galaxy Digital that focuses on the development and promotion of AI-based solutions. According to the Benchmark report, the market is underestimating the prospects for monetizing the new equipment and developments of Helios. This gives the company additional potential for stock growth beyond the already impressive analyst estimates.
In the context of the Russian market, where interest in investments in cryptocurrencies and related technologies is also high, such assessments may attract increased attention from both private and institutional investors, especially against the backdrop of the recent revival of bitcoin and other digital asset trading.
Overall, the Benchmark report demonstrates that major market players see significant growth potential in Galaxy Digital shares, including due to developments in the field of artificial intelligence. This may mean that the cryptocurrency sector continues to attract the attention of traditional financial institutions, despite the volatility of the market.