May 12, 2025
Analyst Bio:
The weakness may prove temporary, with mining results coming in stronger in the current quarter, according to Rosenblatt Securities.
Analyst Chris Brendler reiterated a Buy rating, while reducing the price target from $4.50 to $4.00.
Given the crypto miner's pivot towards high-performance computing (HPC), revenue generation from this could commence in the second quarter, Brendler said in the note.
