Lucid Capital Initiates Buy Rating for Hut 8 with Price Target of $226
Lucid Capital Markets has initiated coverage on Hut 8 (NASDAQ: HUT) with a 'Buy' rating and a price target of $226, which is 82% above its current stock price. The firm highlights the company's pivot from Bitcoin mining to AI data center leasing as a key growth driver.
Topics: AI infrastructure buy recommendation data centers stock rating