tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Hut 8 price target raised to $25 from $18 at BTIG

BTIG analyst Gregory Lewis raised the firm’s price target on Hut 8 (HUT) to $25 from $18 and keeps a Buy rating on the shares. Hut 8 should continue to benefit from a rising BTC price owing to its BTC treasury strategy and equity interest in American BTC, but is also looking to diversify its revenue stream with a pivot to HPC, the analyst tells investors in a research note.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1