HC Wainwright & Co. Maintains Buy on Stronghold Digital Mining, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Kevin Dede maintains a Buy rating on Stronghold Digital Mining (NASDAQ:SDIG) but lowers the price target from $7 to $4.
August 15, 2024 | 4:24 pm
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HC Wainwright & Co. analyst Kevin Dede maintains a Buy rating on Stronghold Digital Mining but lowers the price target from $7 to $4.
The Buy rating suggests continued confidence in the company's prospects, but the lowered price target indicates a more cautious outlook on its short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100