Hut 8 Stock Price Target Raised Due to AI Pivot Success
Piper Sandler raised its price target on Hut 8 (HUT) stock to $93 from $74, citing the company's successful pivot to AI data centers. The stock has risen 588% over the past year and is currently trading at $81.07. The investment bank also noted potential collaboration with Anthropic on AI infrastructure projects.
Topics: AI data centers Hut 8 Piper Sandler price target stock performance