Hut 8 Mining Corp
NASDAQ:HUT

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Hut 8 Mining Corp
NASDAQ:HUT
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Price: 23.68 USD -0.5% Market Closed
Market Cap: 2.1B USD
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Wall Street
Price Targets

HUT Price Targets Summary
Hut 8 Mining Corp

Wall Street analysts forecast HUT stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for HUT is 18.63 USD with a low forecast of 7.94 USD and a high forecast of 25.98 USD.

Lowest
Price Target
7.94 USD
66% Downside
Average
Price Target
18.63 USD
21% Downside
Highest
Price Target
25.98 USD
10% Upside

HUT Last Price Targets
Hut 8 Mining Corp

The latest public price target was made on Nov 15, 2024 by Joseph Vafi from Canaccord Genuity , who expects HUT stock to rise by 35% over the next 12 months. You can read more about this price target by viewing the article on StreetInsider.

Analyst Price Target Date Article
Joseph Vafi
Canaccord Genuity
32 USD
Upside 35%
1 month ago
Nov 15, 2024
Hut 8 Mining Corp. (HUT) PT Raised to $32 at Canaccord Genuity
StreetInsider
John Todaro
Needham
16.5 USD
Downside 30%
2 months ago
Sep 24, 2024
Hut 8 Mining Corp. (HUT) PT Raised to $16.50 at Needham
StreetInsider
Mike Colonnese
H.C. Wainwright
13.5 USD
Downside 43%
4 months ago
Aug 14, 2024
H.C. Wainwright Upgrades Hut 8 Mining Corp. (HUT) to Buy
StreetInsider
Mark Palmer
Coker Palmer
17 USD
Downside 28%
4 months ago
Aug 14, 2024
Hut 8 Boosted by Next-Gen Bitcoin Rigs and Revenue Diversification, Analysts Say
Benzinga
Joseph Vafi
Canaccord Genuity
22 USD
Downside 7%
5 months ago
Jun 27, 2024
Hut 8 Mining Corp. (HUT) PT Raised to $22 at Canaccord Genuity
StreetInsider
George Sutton
Craig-Hallum
14 USD
Downside 41%
6 months ago
Jun 14, 2024
Hut 8 Corp. price target raised to $14 from $12 at Craig-Hallum
TheFly
George Sutton
Craig-Hallum
12 USD
Downside 49%
7 months ago
May 16, 2024
Hut 8 Corp. upgraded to Buy from Hold at Craig-Hallum
TheFly
Mike Colonnese
H.C. Wainwright
7.5 USD
Downside 68%
7 months ago
May 16, 2024
What Drove Hut 8 Earnings Beat? 4 Analysts Provide Their Q1 Takeaways
Benzinga
Mark Palmer
Coker Palmer
12 USD
Downside 49%
7 months ago
May 16, 2024
What Drove Hut 8 Earnings Beat? 4 Analysts Provide Their Q1 Takeaways
Benzinga
Joseph Vafi
Canaccord Genuity
14 USD
Downside 41%
8 months ago
Apr 5, 2024
Hut 8 Corp. price target lowered to $14 from $17.50 at Canaccord
TheFly
Mike Colonnese
H.C. Wainwright
9 USD
Downside 62%
8 months ago
Mar 28, 2024
H.C. Wainwright Reiterates Sell Rating on Hut 8 Mining Corp. (HUT)
StreetInsider
John Todaro
Needham
12 USD
Downside 49%
9 months ago
Mar 18, 2024
Needham Analyst John Todaro 'Bullish' On Hut 8 Stock
Benzinga
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Joseph Vafi
Canaccord Genuity
Price Target 32 USD
Upside/Downside 35%
View Source
John Todaro
Needham
Price Target 16.5 USD
Upside/Downside 30%
View Source
Mike Colonnese
H.C. Wainwright
Price Target 13.5 USD
Upside/Downside 43%
View Source
Mark Palmer
Coker Palmer
Price Target 17 USD
Upside/Downside 28%
View Source
Joseph Vafi
Canaccord Genuity
Price Target 22 USD
Upside/Downside 7%
View Source
George Sutton
Craig-Hallum
Price Target 14 USD
Upside/Downside 41%
View Source
George Sutton
Craig-Hallum
Price Target 12 USD
Upside/Downside 49%
View Source
Mike Colonnese
H.C. Wainwright
Price Target 7.5 USD
Upside/Downside 68%
View Source
Mark Palmer
Coker Palmer
Price Target 12 USD
Upside/Downside 49%
View Source
Joseph Vafi
Canaccord Genuity
Price Target 14 USD
Upside/Downside 41%
View Source
Mike Colonnese
H.C. Wainwright
Price Target 9 USD
Upside/Downside 62%
View Source
John Todaro
Needham
Price Target 12 USD
Upside/Downside 49%
View Source
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Hut 8 Mining Corp Competitors:
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48% Upside
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11% Upside
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26% Downside

Revenue
Forecast

Revenue Estimate
Hut 8 Mining Corp

For the last 4 years the compound annual growth rate for Hut 8 Mining Corp's revenue is 32%. The projected CAGR for the next 4 years is 49%.

32%
Past Growth
49%
Estimated Growth
Estimates Accuracy
31%
Average Beat

Operating Income
Forecast

Operating Income Estimate
Hut 8 Mining Corp

N/A
Past Growth
N/A
Estimated Growth
Estimates Accuracy
N/A
Average

Net Income
Forecast

Net Income Estimate
Hut 8 Mining Corp

N/A
Past Growth
N/A
Estimated Growth
Estimates Accuracy
N/A
Average

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is HUT's stock price target?
Price Target
18.63 USD

According to Wall Street analysts, the average 1-year price target for HUT is 18.63 USD with a low forecast of 7.94 USD and a high forecast of 25.98 USD.

What is Hut 8 Mining Corp's Revenue forecast?
Projected CAGR
49%

For the last 4 years the compound annual growth rate for Hut 8 Mining Corp's revenue is 32%. The projected CAGR for the next 4 years is 49%.

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