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Hut 8 - HUT Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $12.40
  • Forecasted Upside: 57.36%
  • Number of Analysts: 5
  • Breakdown:
  • 1 Sell Ratings
  • 1 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
$7.88 As of 04/18/2024 01:00 AM ET
▲ +0.44 (5.91%)

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

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Analyst Price Target for HUT

Analyst Price Target is $12.40
▲ +57.36% Upside Potential
This price target is based on 5 analysts offering 12 month price targets for Hut 8 in the last 3 months. The average price target is $12.40, with a high forecast of $15.00 and a low forecast of $9.00. The average price target represents a 57.36% upside from the last price of $7.88.

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

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Current Consensus is Hold

The current consensus among 5 investment analysts is to hold stock in Hut 8. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
10/26/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
1/24/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
4/24/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
7/23/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
10/21/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
1/19/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
3/19/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
4/18/2024

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/5/2024Canaccord Genuity GroupLower TargetBuy ➝ Buy$17.50 ➝ $14.00Low
4/1/2024Craig HallumBoost TargetHold ➝ Hold$10.00 ➝ $12.00Low
4/1/2024Needham & Company LLCReiterated RatingBuy ➝ Buy$12.00Low
3/28/2024Canaccord Genuity GroupReiterated RatingBuy ➝ Buy$3.50N/A
3/28/2024HC WainwrightBoost TargetSell ➝ Sell$7.00 ➝ $9.00N/A
3/18/2024Needham & Company LLCInitiated CoverageBuy$12.00Low
2/27/2024HC WainwrightReiterated RatingSell ➝ Sell$7.00Low
2/6/2024HC WainwrightDowngradeNeutral ➝ Sell$5.50Low
1/8/2024Stifel NicolausBoost TargetSpeculative Buy$3.25 ➝ $15.00Low
11/15/2023Canaccord Genuity GroupReiterated RatingBuy ➝ Buy$3.50Low
8/15/2023Canaccord Genuity GroupBoost TargetBuy ➝ Buy$3.00 ➝ $3.50Low
8/15/2023HC WainwrightBoost TargetNeutral ➝ Neutral$1.60 ➝ $2.75Low
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
11/12/2021HC WainwrightBoost TargetBuy$11.00 ➝ $19.00High
(Data available from 4/18/2019 forward)

News Sentiment Rating

0.45 (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
  • 9 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/21/2023
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
10/21/2023
  • 3 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
11/20/2023
  • 5 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/20/2023
  • 8 very positive mentions
  • 11 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
1/19/2024
  • 11 very positive mentions
  • 33 positive mentions
  • 3 negative mentions
  • 2 very negative mentions
Mentions as of
2/18/2024
  • 5 very positive mentions
  • 52 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
3/19/2024
  • 14 very positive mentions
  • 39 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
4/18/2024

Current Sentiment

  • 14 very positive mentions
  • 39 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 logo
Hut 8 Corp., together with its subsidiaries, acquires, builds, manages, and operates data centers for digital assets mining, computing, and artificial intelligence in the United States. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing Colocation and Cloud, and Other. The company mines Bitcoin. It also offers managed services for energy infrastructure development, such as site design, procurement, and construction management; software automation, process design, personnel hiring, and team training; utilities contracts, hosting operations, and customer management; energy portfolio optimization and strategic initiatives; and finance, accounting, and safety services for digital asset mining site owners, governments, and data center developers. In addition, the company provides colocation, cloud, and connectivity services; hosting services, which include the provision of mining equipment and space, as well as monitors, troubleshoots, repairs, and maintains customer mining equipment; and equipment sales and repair services. Hut 8 Corp. was founded in 2017 and is based in Miami, Florida.
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Today's Range

Now: $7.88
Low: $7.38
High: $8.14

50 Day Range

MA: $8.70
Low: $7.08
High: $11.04

52 Week Range

Now: $7.88
Low: $6.18
High: $22.75

Volume

2,257,342 shs

Average Volume

5,249,199 shs

Market Capitalization

$703.19 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

3.91

Frequently Asked Questions

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

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

What is the current price target for Hut 8?

5 Wall Street analysts have set twelve-month price targets for Hut 8 in the last year. Their average twelve-month price target is $12.40, suggesting a possible upside of 57.4%. Stifel Nicolaus has the highest price target set, predicting HUT will reach $15.00 in the next twelve months. HC Wainwright has the lowest price target set, forecasting a price of $9.00 for Hut 8 in the next year.
View the latest price targets for HUT.

What is the current consensus analyst rating for Hut 8?

Hut 8 currently has 1 sell rating, 1 hold rating and 3 buy ratings 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?

Other companies that are similar to Hut 8 include Crescent Capital BDC, TeraWulf, Velocity Financial, loanDepot and Runway Growth Finance. Learn More about companies similar to Hut 8.

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

Hut 8'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 is hut8mining.com. Learn More about contacing Hut 8 investor relations.