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Maxim Group Reaffirms "Buy" Rating for Hut 8, with a Target Price of $110
Businessinsider
30m ago
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TipRanks reports that Maxim Group analyst Allen Klee reiterated a "buy" rating for Hut on November 5th, setting a target price of $110. Hut closed at $45.95 last Friday; currently, analysts unanimously rate it as "strong buy" with an average target price of $137.56.
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TipRanks reports that Maxim Group analyst Allen Klee reiterated a "buy" rating on Hut on November 5th, setting a target price of $110.00. The company's stock price closed at $45.95 last Friday.

According to TipRanks data, Klee has an average return of -17.1% as an analyst, with a success rate of 27.05%. Klee covers the technology sector, and the key stocks it tracks include Innodata, Nvni Group, and Ituran Location And Control.

Currently, analysts have given Hut an unanimous rating of "Strong Buy" with an average target price of $137.56, which indicates a potential upside of 199.37% from the current level. In a report released on November 6th, B. Riley Securities also maintained a "Buy" rating for the stock, with a target price of $132.00.

The company's stock price reached a high of $140.80 in the past year and a low of $31.67. Currently, the average trading volume of Hut is 5.68 million shares.

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