HC Wainwright & Co. Reiterates Sell on Hut 8, Maintains $7 Price Target
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Mike Colonnese has reiterated a Sell rating on Hut 8 (NASDAQ:HUT) and maintained a $7 price target on the stock.
February 27, 2024 | 5:37 pm
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NEGATIVE IMPACT
HC Wainwright & Co. analyst Mike Colonnese reiterated a Sell rating on Hut 8 with a maintained price target of $7.
The reiteration of a Sell rating by a prominent analyst firm like HC Wainwright & Co. can negatively impact investor sentiment towards Hut 8. The maintenance of a $7 price target suggests that the analyst sees limited upside potential or further downside risk, which could lead to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100