Follow UsHut 8 price target hiked to $165 at Benchmark as AI pivot reshapes valuation
Bullish-41.95%
14 Jul, 12:53
Source: CoinDesk
AI Summary
Benchmark analyst Mark Palmer raised Hut 8's price target to $165, citing the company's Beacon Point AI infrastructure project as a catalyst for long-term growth and valuation expansion.
Mark Palmer said Hut 8's Beacon Point project transforms the company into an AI infrastructure platform with a long growth runway.