HUT Crosses Above Average Analyst Target
October 18, 2021 at 10:52 AM EDT
In recent trading, shares of Hut 8 Mining Corp (HUT) have crossed above the average analyst 12-month target price of $11.00, changing hands for $12.22/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..