BitFuFu shares surge 26.92% after-hours as technical rebound and short-covering drive rally from oversold levels.

BitFuFu (NASDAQ:FUFU) surged 26.92% in after-hours trading, driven by a combination of technical indicators and analyst commentary. H.C. Wainwright lowered its price target to $4.00 from $7.00 but maintained a "Buy" rating, citing robust cloud mining demand, positive cash flow, and cost-optimized operations. The stock, trading near its 52-week low, rebounded from oversold conditions (RSI at 27.8) as short-covering and bargain hunting fueled the rally. While the firm acknowledged mixed financial results—including a $57.4 million net loss—analysts highlighted the company’s disciplined cost management and potential for profitability in fiscal 2026. A separate lawsuit over mining hosting fraud in Mississippi introduced operational risks, but the immediate price surge appears more aligned with short-term technical momentum and analyst optimism about the.