Hut 8's Stock Targets Have Increased with Google's Support.

Hut 8 shares have continuously received support from analysts following the company’s $7 billion and 15-year artificial intelligence data center leasing agreement with Fluidstack. This agreement reduced financial risk by offering strong credit support through Google's assistance with leasing and operating costs.

Cantor Fitzgerald raised its price target for Hut 8 from $64 to $72, while Canaccord increased its target from $54 to $62.