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Northland Securities Reaffirms Their Buy Rating on Hut 8 (HUT)

Tipranks - Tipranks - Fri Apr 10, 8:20AM CDT

Northland Securities analyst Michael Grondahl maintained a Buy rating on Hut 8 today and set a price target of $70.00.

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According to TipRanks, Grondahl is a 4-star analyst with an average return of 5.8% and a 39.47% success rate. Grondahl covers the Financial sector, focusing on stocks such as WisdomTree, Cleanspark, and OneMain Holdings.

In addition to Northland Securities, Hut 8 also received a Buy from Cantor Fitzgerald’s Brett Knoblauch in a report issued today. However, on April 6, TipRanks – Anthropic reiterated a Hold rating on Hut 8 (TSX: HUT).

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Based on Hut 8’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$89.85 million and a GAAP net loss of C$283.98 million. In comparison, last year the company earned a revenue of C$339.85 million and had a net profit of C$152.23 million

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