Hut 8 Corp. (NASDAQ:HUT) is a top AI stock, with an increased price target of $55.00 from Keefe, Bruyette & Woods. Analysts highlight robust colocation deals and improving pricing, positioning HUT well for Google TPU deployments with over 2GW of potential expansion. The stock is undervalued due to negative AI and Bitcoin sentiment, not execution concerns.

Analysts see HUT as undervalued compared to peers, with strong colocation deal execution and improving pricing. The company is well-positioned for Google TPU deployments and has significant expansion potential. The stock’s undervaluation is attributed to negative AI and Bitcoin sentiment, not execution issues.

HUT is positioned for incremental Google TPU deployments with significant expansion options. The stock’s undervaluation is due to negative AI and Bitcoin sentiment, not execution concerns. Analysts raised the price target to $55, reflecting the company’s strong position for future growth.

Despite potential in HUT, some analysts see greater upside in other AI stocks with less downside risk. For those seeking an undervalued AI stock with benefits from Trump-era tariffs, consider exploring other options. Check out our report on the best short-term AI stock for more insights on potential investments in the AI sector.

Read more at Yahoo Finance: Keefe, Bruyette & Woods Bumps Hut 8 (HUT) Target on Strong Colocation Execution