Benchmark Raises Hut 8 Price Target For Second Time In A Week The recent price target boost from Benchmark Equity Research on Hut 8 stock has sent shockwaves through the cryptocurrency market. The new target of $195 U.
S. , up from $165 U. S. just a week ago, and an 80% increase over current trading levels, reflects Benchmark analyst Mark Palmer's confidence in Hut 8's prospects.
The catalyst for this latest boost is the full commercialization of Hut 8's Beacon Point artificial intelligence data centre in Texas.