Craig-Hallum upgraded Hut 8's stock rating from "Hold" to "Buy," maintaining a target price of $12

2024-05-16 21:38:13

Collection

ChainCatcher news, according to CoinDesk, financial brokerage Craig-Hallum has upgraded Hut 8's stock rating from "Hold" to "Buy," maintaining a target price of $12. The George Sutton analyst team stated that the company's Bitcoin reserves are worth about 75% of its current market value, "which serves as both a protective measure for investors and a very opportunistic capital for the company to use for growth."

(Source Link)

Related tags

Craig-Hallum Hut 8 stock rating buy

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.