Benchmark Initiates Coverage On Hut 8 with Buy Rating, Announces Price Target of $12
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Mark Palmer initiates coverage on Hut 8 (NASDAQ:HUT) with a Buy rating and announces a price target of $12.
April 22, 2024 | 11:25 am
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Benchmark analyst Mark Palmer initiates coverage on Hut 8 with a Buy rating and a price target of $12.
The initiation of coverage by Benchmark with a Buy rating and a price target significantly above the current trading price suggests a strong bullish outlook for Hut 8. This endorsement from a reputable analyst could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100