Benchmark Lifts Hut 8 Target to $85 Following AI Data Center Agreement

Benchmark has raised its price target on Hut 8 (NASDAQ: $HUT) to $85, citing the structure and scale of the company’s newly disclosed AI data center agreement as a material shift in its projected revenue profile. The revised target, up from $78, was outlined in a research note published Monday by Benchmark analyst Mark Palmer, who maintained a “buy” rating on the stock. source: https://www.cryptoprowl.com/releases/benchmark-lifts-hut-8-target-to-85-following-ai-data-center-agreement-1682