News with the tag "Canaccord"

Bitcoin (BTC) mining is likely to remain profitable this year with the economics of production holding steady, Canaccord Genuity said in a research report Tuesday. The broker said mining fundamentals are strong, "with cost-to-mine sitting somewhere in the ~$26,000-$28,000 range per bitcoin for most ...

Infrastructure providers, such as Northern Data (NB2), are well positioned to benefit from the growing demand from artificial intelligence (AI) and high-performance computing (HPC) firms, broker Canaccord Genuity said in a report Thursday initiating coverage of the stock. Canaccord assumed coverage ...

Bernstein raised its MicroStrategy price target to $600 from $290. Broker Canaccord also increased its price target for the software company, to $510 from $300. The shares rose over 6% in early trading Monday.

The broker raised its price target for the software company to $300 from $173 while maintaining its buy rating.

Canaccord Genuity Predicts Potential Bitcoin Rally Before April 2025 As Bitcoin continues to outperform traditional equities in 2024, analysts from Canaccord Genuity are predicting that the digital asset may be on the cusp of another significant rally. In a report cited by CoinDesk, Canaccord noted ...

If bitcoin follows historical patterns post halving a rally could start between now and April, the broker said.

The broker started coverage of the bitcoin miner with a buy rating and a $16 price target.

In the last 12 months, the digital assets industry has transitioned from a post-FTX recovery period back to a growth phase, the report said.

The mining business is a standout in the sector in terms of exahash growth, operating performance and low power costs, the report said.

The broker raised its price target for the shares to $15 from $12 and reiterated its buy rating.