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Morgan Stanley Initiates Coverage of Bitcoin Miners; Hut 8 at $263, Riot Platforms at $36 with Overweight Ratings

Stocks Price Prediction AI Tokens

2026-07-26 22:07:16

MS-0.34%

BTC1.04%

HUT-6.52%

RIOT-5.69%

According to Guru Club, on July 24, Morgan Stanley began coverage of multiple bitcoin miners that have transitioned into AI infrastructure suppliers. The firm rated Hut 8 as its top pick with a price target of $263 and an overweight rating, while Riot Platforms received a price target of $36 with an overweight rating. Applied Digital was assigned a neutral rating with a $36.50 price target. Morgan Stanley noted that companies with large grid-connected power assets are well-positioned to capitalize on surging AI data center demand.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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