Jones Trading Initiates Coverage on AI/Crypto-Related Stocks: FLD, HUT, BGDE (Buy), IREN (Hold)

Investing.com - Jones Trading initiated coverage on Fold Holdings (NASDAQ:FLD) with a Buy rating and a price target of $1.00, the firm said on September 28, 2026. The target represents an 85% upside from the current stock price of $0.54, though shares remain down 85% over the past year.

The firm cited multiple product catalysts currently in motion, including the Bitcoin Gift Card now available on TikTok Shop, the Bitcoin Rewards Credit Card, the Fold for Business SaaS channel, and an upcoming b

Investing.com - Jones Trading initiated coverage on Hut 8 Mining Corp. (NASDAQ:HUT) with a buy rating and a price target of $130.00 on Saturday. The target represents roughly 34% upside from the current price of $96.82, with the company now commanding a market capitalization of $11.93 billion.

The firm cited the company’s operating excellence and reputation as factors that should position it alongside leaders in datacenter construction and operation.

Jones Trading said Hut 8 Mining is differen

Investing.com - Jones Trading initiated coverage on Big Digital Energy, Inc. (NASDAQ:BGDE) with a Buy rating and a $10.00 price target on Monday. The stock currently trades at $5.76, representing significant upside potential to the analyst’s target. InvestingPro analysis suggests the company is undervalued, with a Fair Value of $8.13, placing it among undervalued opportunities in the market.

The company represents the infrastructure assets of Mawson Infrastructure plus assets from new Chairman

Investing.com - Jones Trading initiated coverage on IREN Ltd. (NASDAQ:IREN) with a Hold rating on Monday.

The firm cited several polarizing factors in its assessment of the company. On the positive side, Jones Trading noted IREN’s broad customer group and track record of delivering high-level compute.

The firm identified three discouraging factors: customer quality, with only Microsoft holding investment grade status; investor quality, as retail shareholders hold roughly 45% of outstanding sha