Hut 8 Stock Targets Rose with Google's Support

Hut 8 shares have received continuous 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 in 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.