Craig-Hallum Upgrades Hut 8 to Buy, Maintains Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst George Sutton has upgraded Hut 8 (NASDAQ:HUT) from Hold to Buy, maintaining the price target at $12.
May 16, 2024 | 3:27 pm
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POSITIVE IMPACT
Craig-Hallum analyst George Sutton has upgraded Hut 8 from Hold to Buy, maintaining the price target at $12. This upgrade could positively influence investor sentiment and potentially drive the stock price higher in the short term.
The upgrade from Hold to Buy by a reputable analyst can boost investor confidence and attract new buyers, potentially driving the stock price higher. Maintaining the price target at $12 indicates a stable outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100