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Hut 8 Corp has a consensus price target of $30.89 based on the ratings of 10 analysts. The high is $38 issued by Needham on December 17, 2024. The low is $5 issued by HC Wainwright & Co. on May 19, 2022. The 3 most-recent analyst ratings were released by Piper Sandler, Needham, and Cantor Fitzgerald on December 17, 2024, December 17, 2024, and December 12, 2024, respectively. With an average price target of $35.33 between Piper Sandler, Needham, and Cantor Fitzgerald, there's an implied 23.67% 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 Piper Sandler on December 17, 2024. The analyst firm set a price target for $33.00 expecting HUT to rise to within 12 months (a possible 15.51% upside). 41 analyst firms have reported ratings in the last year.
The latest analyst rating for Hut 8 (NASDAQ:HUT) was provided by Piper Sandler, and Hut 8 initiated their overweight 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 December 17, 2024 so you should expect the next rating to be made available sometime around December 17, 2025.
While ratings are subjective and will change, the latest Hut 8 (HUT) rating was a initiated with a price target of $0.00 to $33.00. The current price Hut 8 (HUT) is trading at is $28.57, which is within the analyst’s predicted range.
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