Rosenblatt Securities analyst Chris Brendler reiterated a Buy rating on Hut 8 today and set a price target of $65.00. The company’s shares closed yesterday at C$75.67.
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According to TipRanks, Brendler is a 5-star analyst with an average return of 39.0% and a 59.15% success rate. Brendler covers the Financial sector, focusing on stocks such as TeraWulf Inc, Cipher Mining, and Hut 8.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Hut 8 with a C$50.09 average price target, which is a -33.80% downside from current levels. In a report released on October 14, BTIG also maintained a Buy rating on the stock with a $55.00 price target.
The company has a one-year high of C$80.38 and a one-year low of C$14.28. Currently, Hut 8 has an average volume of 1.64M.
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