Benchmark Raises Price Target on Hut 8 Stock Following Successful A.I. Pivot
Wall Street brokerage Benchmark has raised its price target for Hut 8 Corp (NASDAQ: HUT) to $165 from $85, citing the company's successful transition into an AI infrastructure developer. The new price target is significantly higher than the current stock price and reflects confidence in Hut 8’s strategic shift away from Bitcoin mining toward long-term A.I. data center contracts.
Tickers: $HUT
Topics: Artificial Intelligence Infrastructure Transition Stock Analysis