Clear Street raised the firm’s price target on Hut 8 (HUT) to $60 from $33 and keeps a Buy rating on the shares. The firm expects contract signings and disciplined execution in 2026. The company appears well positioned to demonstrate the commercial value of its 1.6GW under development, setting the stage for re-rating as an emerging high performance computing infrastructure platform, the analyst tells investors in a research note. The firm added that its updated price target accounts for Hut 8’s stake in American Bitcoin, as well as the firm’s valuation for Hut’s pipeline.
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