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Hut 8
HUTNASDAQ
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Hut 8 (NASDAQ:HUT) Stock, Analyst Ratings, Price Targets, Forecasts
Hut 8 Corp has a consensus price target of $13.42 based on the ratings of 7 analysts. The high is $22 issued by Canaccord Genuity on June 27, 2024. The low is $5 issued by HC Wainwright & Co. on May 19, 2022. The 3 most-recent analyst ratings were released by Canaccord Genuity, HC Wainwright & Co., and Needham on June 27, 2024, June 25, 2024, and June 24, 2024, respectively. With an average price target of $14.83 between Canaccord Genuity, HC Wainwright & Co., and Needham, there's an implied -3.05% downside for Hut 8 Corp from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Canaccord Genuity
HC Wainwright & Co.
Needham
Benchmark
Craig-Hallum
1calculated from analyst ratings
Analyst Ratings for Hut 8
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 06/27/2024 | Buy Now | 43.79% | Canaccord Genuity | Joseph Vafi | $14 → $22 | Maintains | Buy | Get Alert |
| 06/25/2024 | Buy Now | -50.98% | HC Wainwright & Co. | Mike Colonnese | $7.5 → $7.5 | Reiterates | Sell → Sell | Get Alert |
| 06/24/2024 | Buy Now | -1.96% | Needham | John Todaro | $13 → $15 | Maintains | Buy | Get Alert |
| 06/21/2024 | Buy Now | 11.11% | Benchmark | Mark Palmer | $12 → $17 | Maintains | Buy | Get Alert |
| 06/14/2024 | Buy Now | -8.5% | Craig-Hallum | George Sutton | $12 → $14 | Maintains | Buy | Get Alert |
| 06/07/2024 | Buy Now | -21.57% | Benchmark | Mark Palmer | $12 → $12 | Reiterates | Buy → Buy | Get Alert |
| 05/17/2024 | Buy Now | -15.03% | Needham | John Todaro | → $13 | Reiterates | Buy → Buy | Get Alert |
| 05/16/2024 | Buy Now | -21.57% | Benchmark | Mark Palmer | → $12 | Reiterates | Buy → Buy | Get Alert |
| 05/16/2024 | Buy Now | -8.5% | Canaccord Genuity | Joseph Vafi | → $14 | Reiterates | Buy → Buy | Get Alert |
| 05/16/2024 | Buy Now | -50.98% | HC Wainwright & Co. | Mike Colonnese | $9 → $7.5 | Maintains | Sell | Get Alert |
| 05/16/2024 | Buy Now | -21.57% | Craig-Hallum | George Sutton | $12 → $12 | Upgrade | Hold → Buy | Get Alert |
| 05/16/2024 | Buy Now | -15.03% | Needham | John Todaro | $12 → $13 | Maintains | Buy | Get Alert |
| 05/07/2024 | Buy Now | -21.57% | Benchmark | Mark Palmer | → $12 | Reiterates | Buy → Buy | Get Alert |
| 04/22/2024 | Buy Now | -21.57% | Benchmark | Mark Palmer | → $12 | Initiates | → Buy | Get Alert |
| 04/05/2024 | Buy Now | -8.5% | Canaccord Genuity | Joseph Vafi | $17.5 → $14 | Maintains | Buy | Get Alert |
| 04/01/2024 | Buy Now | -21.57% | Craig-Hallum | George Sutton | $10 → $12 | Maintains | Hold | Get Alert |
| 04/01/2024 | Buy Now | -21.57% | Needham | John Todaro | → $12 | Reiterates | Buy → Buy | Get Alert |
| 03/28/2024 | Buy Now | -41.18% | HC Wainwright & Co. | Mike Colonnese | $7 → $9 | Maintains | Sell | Get Alert |
| 03/28/2024 | Buy Now | -77.12% | Canaccord Genuity | Joseph Vafi | → $3.5 | Reiterates | Buy → Buy | Get Alert |
| 03/18/2024 | Buy Now | -21.57% | Needham | John Todaro | → $12 | Initiates | → Buy | Get Alert |
| 02/27/2024 | Buy Now | -54.25% | HC Wainwright & Co. | Mike Colonnese | → $7 | Reiterates | Sell → Sell | Get Alert |
| 11/15/2023 | Buy Now | -77.12% | Canaccord Genuity | Joseph Vafi | → $17.5 | Reiterates | Buy → Buy | Get Alert |
| 08/15/2023 | Buy Now | -82.03% | HC Wainwright & Co. | Mike Colonnese | $8 → $13.75 | Maintains | Neutral | Get Alert |
| 08/15/2023 | Buy Now | -77.12% | Canaccord Genuity | Joseph Vafi | $15 → $17.5 | Maintains | Buy | Get Alert |
| 05/15/2023 | Buy Now | -80.39% | Canaccord Genuity | Joseph Vafi | $25 → $15 | Maintains | Buy | Get Alert |
| 05/12/2023 | Buy Now | -89.54% | HC Wainwright & Co. | Mike Colonnese | → $8 | Reiterates | Neutral → Neutral | Get Alert |
| 03/13/2023 | Buy Now | -67.32% | Canaccord Genuity | Joseph Vafi | $30 → $25 | Maintains | Buy | Get Alert |
| 03/10/2023 | Buy Now | -89.54% | HC Wainwright & Co. | Mike Colonnese | $10 → $8 | Maintains | Neutral | Get Alert |
| 02/08/2023 | Buy Now | -60.78% | Canaccord Genuity | Joseph Vafi | → $30 | Reiterates | → Buy | Get Alert |
| 02/08/2023 | Buy Now | -86.93% | HC Wainwright & Co. | Mike Colonnese | $7.5 → $10 | Maintains | Neutral | Get Alert |
| 12/09/2022 | Buy Now | -90.2% | HC Wainwright & Co. | Mike Colonnese | → $7.5 | Assumes | → Neutral | Get Alert |
| 11/11/2022 | Buy Now | -86.93% | Craig-Hallum | George Sutton | → $10 | Downgrade | Buy → Hold | Get Alert |
| 08/17/2022 | Buy Now | — | DA Davidson | Chris Brendler | — | Downgrade | Buy → Neutral | Get Alert |
| 05/19/2022 | Buy Now | -67.32% | HC Wainwright & Co. | Kevin Dede | $95 → $25 | Maintains | Buy | Get Alert |
| 05/13/2022 | Buy Now | -60.78% | Canaccord Genuity | Joseph Vafi | $60 → $30 | Maintains | Buy | Get Alert |
| 03/22/2022 | Buy Now | -21.57% | Canaccord Genuity | Joseph Vafi | $100 → $60 | Maintains | Buy | Get Alert |
| 11/12/2021 | Buy Now | 24.18% | HC Wainwright & Co. | Kevin Dede | $55 → $95 | Maintains | Buy | Get Alert |
| 11/12/2021 | Buy Now | 30.72% | Canaccord Genuity | Joseph Vafi | $60 → $100 | Maintains | Buy | Get Alert |
| 10/15/2021 | Buy Now | 30.72% | DA Davidson | Chris Brendler | → $100 | Initiates | → Buy | Get Alert |
| 09/23/2021 | Buy Now | -21.57% | Canaccord Genuity | Joseph Vafi | → $60 | Initiates | → Buy | Get Alert |
| 08/03/2021 | Buy Now | -34.64% | Craig-Hallum | George Sutton | → $50 | Initiates | → Buy | Get Alert |
FAQ
What is the target price for Hut 8 (HUT) stock?
The latest price target for Hut 8 (NASDAQ:HUT) was reported by Canaccord Genuity on June 27, 2024. The analyst firm set a price target for $22.00 expecting HUT to rise to within 12 months (a possible 43.79% upside). 24 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Hut 8 (HUT)?
The latest analyst rating for Hut 8 (NASDAQ:HUT) was provided by Canaccord Genuity, and Hut 8 maintained their buy rating.
When was the last upgrade for Hut 8 (HUT)?
The last upgrade for Hut 8 Corp happened on May 16, 2024 when Craig-Hallum raised their price target to $12. Craig-Hallum previously had a hold for Hut 8 Corp.
When was the last downgrade for Hut 8 (HUT)?
The last downgrade for Hut 8 Corp happened on November 11, 2022 when Craig-Hallum changed their price target from N/A to $2 for Hut 8 Corp.
When is the next analyst rating going to be posted or updated for Hut 8 (HUT)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Hut 8, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Hut 8 was filed on June 27, 2024 so you should expect the next rating to be made available sometime around June 27, 2025.
Is the Analyst Rating Hut 8 (HUT) correct?
While ratings are subjective and will change, the latest Hut 8 (HUT) rating was a maintained with a price target of $14.00 to $22.00. The current price Hut 8 (HUT) is trading at is $15.30, which is within the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.