HC Wainwright & Co. Upgrades Hut 8 to Buy, Raises Price Target to $13.5
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. has upgraded Hut 8 (NASDAQ:HUT) from Sell to Buy and raised the price target from $7.5 to $13.5.
August 14, 2024 | 11:46 am
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POSITIVE IMPACT
HC Wainwright & Co. has upgraded Hut 8 from Sell to Buy and increased the price target from $7.5 to $13.5, indicating a positive outlook for the stock.
The upgrade from Sell to Buy and the significant increase in the price target from $7.5 to $13.5 by HC Wainwright & Co. suggests strong confidence in Hut 8's future performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100