PriceTargets.com logo

Hut 8 Mining - HUT Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $2.87
  • Forecasted Upside: 32.72%
  • Number of Analysts: 4
  • Breakdown:
  • 0 Sell Ratings
  • 3 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$2.16 As of 06/2/2023 05:00 PM ET
+0 (0.00%)

This chart shows the closing price for HUT by one month, three months, or twelve months.

Skip Closing Price Chart
1 month | 3 months | 12 months
Get New Hut 8 Mining Analyst Ratings Delivered To Your Inbox
Sign-up to receive the latest news and ratings for HUT and its competitors with Analyst Ratings Network’s free daily newsletter.

Analyst Price Target for HUT

Analyst Price Target is $2.87
▲ +32.72% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for Hut 8 Mining in the last 3 months. The average price target is $2.87, with a high forecast of $5.00 and a low forecast of $1.60. The average price target represents a 32.72% upside from the last price of $2.16.

This chart shows the closing price for HUT for the last year in relation to the current analyst high, average, and low pricetarget.

Read Analyst Price Chart DescriptionSkip Analyst Price Chart

Current Consensus is Hold

The current consensus among 4 investment analysts is to hold stock in Hut 8 Mining. This rating has held steady since November 2022, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
12/9/2021
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
3/9/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
6/7/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
9/5/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
12/4/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
3/4/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
5/3/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
6/2/2023

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
3/13/2023Canaccord Genuity GroupLower TargetBuy$6.00 ➝ $5.00Low
3/10/2023HC WainwrightLower TargetNeutral$2.00 ➝ $1.60Low
2/8/2023HC WainwrightBoost TargetNeutral$1.50 ➝ $2.00Low
2/8/2023Canaccord Genuity GroupReiterated RatingBuy$6.00Low
12/9/2022HC WainwrightReiterated RatingBuy ➝ Neutral$1.50Low
11/11/2022Craig HallumDowngradeBuy ➝ Hold$5.00 ➝ $2.00Low
11/3/2022DA DavidsonDowngradeBuy ➝ NeutralLow
9/22/2022DA DavidsonUpgradeNeutral ➝ BuyLow
8/17/2022DA DavidsonDowngradeBuy ➝ NeutralLow
5/19/2022HC WainwrightLower TargetBuy$19.00 ➝ $5.00Medium
5/13/2022Canaccord Genuity GroupLower TargetBuy ➝ Buy$12.00 ➝ $6.00Medium
3/22/2022Canaccord Genuity GroupLower TargetBuy ➝ Buy$20.00 ➝ $12.00Medium
3/22/2022Canaccord Genuity GroupLower TargetBuy$20.00 ➝ $12.00Medium
11/12/2021HC WainwrightBoost TargetBuy$11.00 ➝ $19.00High
(Data available from 6/2/2018 forward)

News Sentiment Rating

0.30 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 1 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/4/2022
  • 2 very positive mentions
  • 10 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
12/4/2022
  • 2 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/3/2023
  • 0 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 2 very negative mentions
Mentions as of
2/2/2023
  • 3 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/4/2023
  • 3 very positive mentions
  • 14 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
4/3/2023
  • 0 very positive mentions
  • 8 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
Mentions as of
5/3/2023
  • 2 very positive mentions
  • 7 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
6/2/2023

Current Sentiment

  • 2 very positive mentions
  • 7 positive mentions
  • 2 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Hut 8 Mining logo
Hut 8 Mining Corp. is a cryptocurrency mining and blockchain infrastructure company, which is focused solely on mining bitcoin. It provides investors with direct access to bitcoin, without the technical complexity or constraints of purchasing the underlying cryptocurrency. The company was founded by Andrew Kiguel on June 9, 2011 and is headquartered in Toronto, Canada.
Read More

Today's Range

Now: $2.16
Low: $2.11
High: $2.22

50 Day Range

MA: $1.84
Low: $1.61
High: $2.19

52 Week Range

Now: $2.16
Low: $0.78
High: $3.70

Volume

5,203,784 shs

Average Volume

10,255,132 shs

Market Capitalization

$477.94 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

4.27

Frequently Asked Questions

What sell-side analysts currently cover shares of Hut 8 Mining?

The following Wall Street sell-side analysts have issued stock ratings on Hut 8 Mining in the last twelve months: Canaccord Genuity Group Inc., Craig Hallum, DA Davidson, and HC Wainwright.
View the latest analyst ratings for HUT.

What is the current price target for Hut 8 Mining?

3 Wall Street analysts have set twelve-month price targets for Hut 8 Mining in the last year. Their average twelve-month price target is $2.87, suggesting a possible upside of 32.7%. Canaccord Genuity Group Inc. has the highest price target set, predicting HUT will reach $5.00 in the next twelve months. HC Wainwright has the lowest price target set, forecasting a price of $1.60 for Hut 8 Mining in the next year.
View the latest price targets for HUT.

What is the current consensus analyst rating for Hut 8 Mining?

Hut 8 Mining currently has 3 hold ratings and 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in HUT, but not buy more shares or sell existing shares.
View the latest ratings for HUT.

What other companies compete with Hut 8 Mining?

Other companies that are similar to Hut 8 Mining include CleanSpark, Bakkt, CompoSecure, Cipher Mining and OppFi. Learn More about companies similar to Hut 8 Mining.

How do I contact Hut 8 Mining's investor relations team?

Hut 8 Mining's physical mailing address is 130 King Street West, Suite 1800, Toronto, Ontario M5X 1E3. The company's listed phone number is (647) 256-1992. The official website for Hut 8 Mining is hut8mining.com. Learn More about contacing Hut 8 Mining investor relations.