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BTIG Sticks to Its Buy Rating for Hut 8 (HUT)

Tipranks - Tipranks - Sat Apr 25, 6:50AM CDT

In a report released today, Gregory Lewis from BTIG reiterated a Buy rating on Hut 8, with a price target of $90.00.

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According to TipRanks, Lewis is a 5-star analyst with an average return of 25.6% and a 58.01% success rate. Lewis covers the Energy sector, focusing on stocks such as Transocean, DHT Holdings, and Frontline.

In a report released on April 21, Piper Sandler also assigned a Buy rating to the stock with a $93.00 price target.

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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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