News with the tag "Canaccord Genuity"

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 ...

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

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.

Ether spot ETFs, once launched, should help broaden institutional appetite for other digital assets, the report said.

The investment bank almost doubled its price target on the stock to $1,810 from $975, highest among Wall Street analysts.

The investment bank said that the company represents one of the most diversified ways to play digital assets.