Hut 8 (HUT) Stock Forecast & Price Target

$13.89 -0.28 (-1.98%)

As of 05/9/2025 04:00 PM Eastern

Hut 8 - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 14 Analyst Ratings

Sell
0

Hold
0

Buy
14

Based on 14 Wall Street analysts who have issued ratings for Hut 8 in the last 12 months, the stock has a consensus rating of "Buy." Out of the 14 analysts, 13 have given a buy rating, and 1 has given a strong buy rating for HUT.

Consensus Price Target

$26.00
87.19% Upside

According to the 14 analysts' twelve-month price targets for Hut 8, the average price target is $26.00. The highest price target for HUT is $33.00, while the lowest price target for HUT is $18.00. The average price target represents a forecasted upside of 87.19% from the current price of $13.89.

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HUT Analyst Ratings Over Time

Type	Current Forecast 5/10/24 to 5/10/25	1 Month Ago 4/10/24 to 4/10/25	3 Months Ago 2/10/24 to 2/9/25	1 Year Ago 5/11/23 to 5/10/24
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	13 Buy rating(s)	10 Buy rating(s)	9 Buy rating(s)	4 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$26.00	$29.40	$33.00	$12.33
Forecasted Upside	87.19% Upside	150.64% Upside	58.05% Upside	54.36% Upside
Consensus Rating	Buy	Buy	Buy	Moderate Buy

HUT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

HUT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Hut 8 Stock vs. The Competition

Type	Hut 8	Finance Companies	S&P 500
Consensus Rating Score	3.07	2.53	2.54
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	87.19% Upside	28.21% Upside	16.98% Upside
News Sentiment Rating	Positive News See Recent HUT News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
5/9/2025	HC Wainwright 1 of 5 stars	Mike Colonnese Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$25.00 ➝ $25.00	+76.43%
5/9/2025	Needham & Company LLC 2 of 5 stars	John Todaro Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$21.00 ➝ $21.00	+48.20%
5/1/2025	Maxim Group 3 of 5 stars	Matthew Galinko Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$20.00	+62.47%
4/21/2025	Northland Capmk Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Grondahl Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
4/21/2025	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Mike Grondahl Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$20.00	+78.73%
4/14/2025	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Gregory Lewis Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$18.00	+48.03%
4/2/2025	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Mark Palmer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		$33.00	+217.00%
4/2/2025	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating	Mark Palmer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$41.00 ➝ $33.00	+146.40%
3/7/2025	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Knoblauch Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$30.00 ➝ $30.00	+135.42%
3/7/2025	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Chris Brendler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$23.00	+71.51%
Get the Latest News and Ratings for HUT and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Hut 8 and its competitors with MarketBeat's FREE daily newsletter.
3/4/2025	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Joseph Vafi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$32.00 ➝ $32.00	+127.27%
1/8/2025	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Papanastasiou Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform
12/17/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$33.00	+13.56%
11/14/2024	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Sutton Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$15.00 ➝ $32.00	+33.78%
10/30/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Speculative Buy	$15.00 ➝ $18.00	-1.80%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:19 PM ET.

HUT Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Hut 8 is $26.00, with a high forecast of $33.00 and a low forecast of $18.00.
: 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hut 8 in the last year. There are currently 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" HUT shares.
: According to analysts, Hut 8's stock has a predicted upside of 87.19% based on their 12-month stock forecasts.
: Over the previous 90 days, Hut 8's stock had 1 upgrade by analysts.
: Hut 8 has been rated by research analysts at Benchmark, BTIG Research, Canaccord Genuity Group, Cantor Fitzgerald, HC Wainwright, Maxim Group, Needham & Company LLC, Northland Capmk, Northland Securities, Rosenblatt Securities, and UBS Group in the past 90 days.
: Analysts like Hut 8 more than other "finance" companies. The consensus rating for Hut 8 is Buy while the average consensus rating for "finance" companies is Moderate Buy. Learn more on how HUT compares to other companies.

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This page (NASDAQ:HUT) was last updated on 5/10/2025 by MarketBeat.com Staff

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Hut 8 (HUT) Stock Forecast & Price Target