Jones Trading Starts Hut 8 Mining Corp. (HUT) at Buy

Jones Trading analyst Kevin Dede initiates coverage on Hut 8 Mining Corp. (NASDAQ: HUT) with a Buy rating and a price target of $130.00.

The analyst comments: “Hut 8 is one of our favorites. Sure, the stock has run spectacularly, but we think there is more room to go over the next 12-18 months primarily because its operating excellence and reputation should begin to set it at par with leaders in the datacenter construction and operating elite—however, it is positively differentiated by pipeline girth. As one of our favorites, we are resuming coverage with a Buy rating and setting a $130 price target.”

For an analyst ratings summary and ratings history on Hut 8 Mining Corp. click here. For more ratings news on Hut 8 Mining Corp. click here.

Shares of Hut 8 Mining Corp. closed at $96.82 yesterday.

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