Canaccord Genuity Maintains Buy on Hut 8 Mining, Raises Price Target to $3.5
Portfolio Pulse from richadhand@benzinga.com
Canaccord Genuity analyst Joseph Vafi maintains a 'Buy' rating on Hut 8 Mining (NASDAQ:HUT) and raises the price target from $3 to $3.5.
August 15, 2023 | 8:27 am
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POSITIVE IMPACT
Canaccord Genuity maintains a 'Buy' rating on Hut 8 Mining and raises the price target from $3 to $3.5, which could positively impact the stock's price.
The raised price target by Canaccord Genuity indicates a positive outlook for Hut 8 Mining. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100