Benchmark raises Hut 8 (HUT.US) target price to highest level on Wall Street, stock price surges 14%.

According to the Zhtng Financial APP, Hut 8 (HUT.US) stock price surged on Monday, rising by 19% at one point and closing up 14.21% at $50.39. Prior to this, Benchmark, a company under StoneX, raised its target price to $85, which is the highest level on Wall Street. Analysts pointed out that this adjustment was due to a recent agreement made by the real estate investment trust (REIT) to lease its River Bend data center with a capacity of 245 megawatts to Fluidstack for a period of 15 years.