Arete Research initiates coverage of Hut 8 stock with buy rating and $136 price target

finance.yahoo.com

Arete Research initiated coverage of Hut 8 stock with a buy rating and a $136 price target, suggesting over 150% upside. The firm is bullish on Hut 8's transition to AI and HPC data centers, citing a key lease agreement with Alphabet that guarantees significant operating income. Arete noted Hut 8's Bitcoin exposure as a potential concern, given the company's holdings and mining operations, which could be impacted by price downturns.


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Arete Research initiates coverage of Hut 8 stock with buy rating and $136 price target | News Minimalist