Canaccord raised the firm’s price target on Hut 8 (HUT) to $32 from $22 and keeps a Buy rating on the shares. The firm raised its target multiple from 11x to 17x to reflect improving prospects in bitcoin mining and AI hosting along with an improving balance sheet.
Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
The Fly
Hut 8 price target raised to $32 from $22 at Canaccord
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App