Galaxy Digital shares rose more than 2% in Tuesday's premarket trading after Citigroup analyst Peter Christiansen upgraded the stock from Neutral to Buy. Christiansen raised his price forecast from $26 to $28. Citi said a potential Helios II tenant announcement over the next six months could reduce business risk and improve long-term earnings visibility. Galaxy completed a $3.5 billion senior secured note offering on July 28 to fund construction of Helios I, Phase II. Benzinga Pro data showed Galaxy shares up 2.42% at $20.35 during Tuesday's premarket trading.
