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Craig-Hallum Keeps Their Buy Rating on Hut 8 (HUT)

Tipranks - Tipranks - Fri May 8, 9:16AM CDT

In a report released today, George Sutton from Craig-Hallum reiterated a Buy rating on Hut 8, with a price target of $130.00.

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According to TipRanks, Sutton is a 5-star analyst with an average return of 27.5% and a 56.42% success rate. Sutton covers the Technology sector, focusing on stocks such as Applied Digital Corporation, AudioEye, and Docebo.

In a report released today, Canaccord Genuity also maintained a Buy rating on the stock with a $130.00 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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