What Drove Hut 8 Earnings Beat? 4 Analysts Provide Their Q1 Takeaways

Benzinga ·  May 17 00:12

Hut 8 Corp(NASDAQ:HUT) reported financial results Wednesday after merging with U.S. Bitcoin Corporation (USBTC) in November 2023.

The results came amid an exciting earnings season. Here are some key analyst takeaways.

  • Needham analyst John Todaro maintained a Buy rating, while raising the price target from $12 to $13.
  • H.C. Wainwright analyst Mike Colonnese reiterated a Sell rating, while cutting the price target from $9.00 to $7.50.
  • Canaccord Genuity analyst Joseph Vafi reaffirmed a Buy rating and price target of $14.
  • Benchmark analyst Mark Palmer maintained a Buy rating and price target of $12.

Check out other analyst stock ratings.

Needham: Hut 8 reported first-quarter...

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