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Hut 8 Corp has a consensus price target of $14.42 based on the ratings of 7 analysts. The high is $22 issued by Canaccord Genuity on August 21, 2024. The low is $5 issued by HC Wainwright & Co. on May 19, 2022. The 3 most-recent analyst ratings were released by HC Wainwright & Co., Needham, and Canaccord Genuity on September 20, 2024, August 23, 2024, and August 21, 2024, respectively. With an average price target of $16.83 between HC Wainwright & Co., Needham, and Canaccord Genuity, there's an implied 47.66% upside for Hut 8 Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Hut 8 (NASDAQ:HUT) was reported by HC Wainwright & Co. on September 20, 2024. The analyst firm set a price target for $13.50 expecting HUT to rise to within 12 months (a possible 18.42% upside). 29 analyst firms have reported ratings in the last year.
The latest analyst rating for Hut 8 (NASDAQ:HUT) was provided by HC Wainwright & Co., and Hut 8 reiterated their buy rating.
The last upgrade for Hut 8 Corp happened on August 14, 2024 when HC Wainwright & Co. raised their price target to $13.5. HC Wainwright & Co. previously had a sell for Hut 8 Corp.
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.
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 September 20, 2024 so you should expect the next rating to be made available sometime around September 20, 2025.
While ratings are subjective and will change, the latest Hut 8 (HUT) rating was a reiterated with a price target of $13.50 to $13.50. The current price Hut 8 (HUT) is trading at is $11.40, which is out of the analyst’s predicted range.
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