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Hut 8 (HUT) Gets a Buy from Roth MKM

Tipranks - Sat Mar 28, 10:24AM CDT

Roth MKM analyst Darren Aftahi maintained a Buy rating on Hut 8 today and set a price target of $80.00.

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Aftahi covers the Technology sector, focusing on stocks such as Bitdeer Technologies, Applied Digital Corporation, and Core Scientific Inc. According to TipRanks, Aftahi has an average return of 3.8% and a 34.00% success rate on recommended stocks.

In addition to Roth MKM, Hut 8 also received a Buy from Arete Research’s Pierre-Marie d’Ornano in a report issued on March 23. However, on the same day, TipRanks – Anthropic reiterated a Hold rating on Hut 8 (TSX: HUT).

Based on Hut 8’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$123.39 million and a GAAP net loss of C$389.98 million. In comparison, last year the company earned a revenue of C$45.57 million and had a net profit of C$152.23 million

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