Canaccord analyst Joseph Vafi raised the firm’s price target on Hut 8 Mining to $3.50 from $3.00 and keeps a Buy rating on the shares. The firm said results were mixed but upcoming catalysts could help provide clarity and opportunity to the investment case.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on HUT:
- Largest borrow rate increases among liquid names
- Hut 8 Reports Operating and Financial Results for Q2 2023
- Hut 8 Mining provides update on business combination with U.S. Data Mining Group
- Hut 8 Announces Receipt of Interim Order and Filing of Management Information Circular in Connection with the Business Combination with US Bitcoin
- Hut 8 Mining (HUT) Q2 Earnings Cheat Sheet