B. Riley Securities, a prominent investment firm, has initiated coverage on BitFuFu (FUFU, Financial) with a "Buy" rating. The announcement was made on July 18, 2025, marking a significant development for this company listed on the NASDAQ.
Analyst Nick Giles from B. Riley Securities has set a price target of $7.31 USD for BitFuFu (FUFU, Financial). This target represents a new evaluation for the stock as there was no prior price target or rating from the firm.
The initiation of coverage by such a reputable firm with a "Buy" rating may influence investor interest and trading activity for BitFuFu (FUFU, Financial) in the coming months.