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Rosenblatt Securities Sticks to Their Buy Rating for Hut 8 (HUT)

Tipranks - Tipranks - Wed May 6, 7:56AM CDT

In a report released today, Chris Brendler from Rosenblatt Securities reiterated a Buy rating on Hut 8, with a price target of $89.00.

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Brendler covers the Financial sector, focusing on stocks such as TeraWulf Inc, MARA Holdings, and Miami International Holdings, Inc.. According to TipRanks, Brendler has an average return of 26.6% and a 55.19% success rate on recommended stocks.

Currently, the analyst consensus on Hut 8 is a Strong Buy with an average price target of $83.79.

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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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