Hut 8 price target raised to $32 from $17 at Benchmark

Benchmark raised the firm’s price target on Hut 8 (HUT) to $32 from $17 and keeps a Buy rating on the shares. The Q3 report underlined the fact that Hut’s efforts to build out and commercialize its next-generation digital infrastructure platform have accelerated during the past few months, says the analyst, who sees the company’s growth prospects in both the AI compute and bitcoin mining spaces continuing to strengthen.