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Hut 8 (HUT) Receives a Buy from Rosenblatt Securities
Rosenblatt Securities analyst Chris Brendler reiterated a Buy rating on Hut 8 today and set a price target of $124.00.
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According to TipRanks, Brendler is a 5-star analyst with an average return of 28.0% and a 50.45% success rate. Brendler covers the Financial sector, focusing on stocks such as TeraWulf Inc, Gemini Space Station, Inc. Class A, and MARA Holdings.
Currently, the analyst consensus on Hut 8 is a Strong Buy with an average price target of $123.41.
Based on Hut 8’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$69.85 million and a GAAP net loss of C$216.25 million. In comparison, last year the company had a GAAP net loss of C$133.89 million
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