This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.
Hut 8 (HUT) Receives a Rating Update from a Top Analyst
Needham analyst John Todaro maintained a Buy rating on Hut 8 today and set a price target of $128.00.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Todaro covers the Financial sector, focusing on stocks such as Robinhood, TeraWulf Inc, and Riot Platforms. According to TipRanks, Todaro has an average return of 62.5% and a 62.61% success rate on recommended stocks.
Currently, the analyst consensus on Hut 8 is a Strong Buy with an average price target of $99.89.
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
Read More on TSE:HUT:
This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
