Hut 8 Stock Targets Rose with the Support of Google

Hut 8 shares have consistently 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 providing strong credit support with the assistance of Google for 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.