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Crypto

Crypto Equities Fall, Hut 8 and Riot Platforms Defy the Trend

Guavy AI Editorial Team
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Crypto-linked equities fell in pre-market trading on Thursday, with Coinbase, Robinhood, and Block in the red.

Hut 8, however, outperformed the group after Morgan Stanley initiated coverage with an 'Overweight' rating and a $263 price target.

The firm also gave an 'Overweight' rating to Riot Platforms, but the stock remained in the red during pre-market trade.

Citi lowered its Coinbase price target to $235 from $400 but maintained a 'Buy' rating, citing 'durable earnings support' from subscription and services revenue.

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