Benchmark Maintains Buy on Hut 8, Raises Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Mark Palmer maintains a Buy rating on Hut 8 (NASDAQ:HUT) and raises the price target from $12 to $17.
June 21, 2024 | 4:18 pm
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Benchmark analyst Mark Palmer has maintained a Buy rating on Hut 8 and increased the price target from $12 to $17, indicating strong confidence in the company's future performance.
The increase in the price target from $12 to $17 by a reputable analyst suggests a positive outlook for Hut 8. This is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100