Compass Point Maintains Buy on Stronghold Digital Mining, Lowers Price Target to $8.5
Portfolio Pulse from Benzinga Newsdesk
Compass Point analyst Chase White maintains a Buy rating on Stronghold Digital Mining (NASDAQ:SDIG) but lowers the price target from $22 to $8.5.

April 10, 2024 | 4:31 pm
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NEGATIVE IMPACT
Compass Point maintains a Buy rating on Stronghold Digital Mining but lowers the price target from $22 to $8.5.
The reduction in price target from $22 to $8.5 by Compass Point, despite maintaining a Buy rating, could lead to negative sentiment among investors, potentially causing a short-term decrease in SDIG's stock price. The significant cut in the price target may raise concerns about the company's future growth prospects or operational challenges.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100