Hut 8 Corp. (HUT)
NASDAQ: HUT · Real-Time Price · USD
23.68
-0.12 (-0.50%)
At close: Dec 20, 2024, 4:00 PM
24.27
+0.59 (2.49%)
After-hours: Dec 20, 2024, 7:58 PM EST
Hut 8 Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Hut 8 stock have an average target of 34.13, with a low estimate of 32 and a high estimate of 38. The average target predicts an increase of 44.13% from the current stock price of 23.68.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Hut 8 stock from 8 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 5 | 5 | 5 | 5 | 6 |
| Buy | 0 | 0 | 0 | 0 | 0 | 2 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 5 | 5 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Buy Initiates $33 | Buy | Initiates | $33 | +39.36% | Dec 17, 2024 |
| Needham | Needham | Strong Buy Maintains $32 → $38 | Strong Buy | Maintains | $32 → $38 | +60.47% | Dec 17, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $35 | Buy | Reiterates | $35 | +47.80% | Dec 12, 2024 |
| Jones Trading | Jones Trading | Strong Buy Initiates $36 | Strong Buy | Initiates | $36 | +52.03% | Dec 12, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Initiates $35 | Buy | Initiates | $35 | +47.80% | Dec 9, 2024 |
Financial Forecast
Revenue This Year
171.55M
from 121.21M
Increased by 41.53%
Revenue Next Year
276.50M
from 171.55M
Increased by 61.18%
EPS This Year
1.92
from 0.22
Increased by 772.28%
EPS Next Year
0.19
from 1.92
Decreased by -90.26%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 196.5M | 308.7M | 778.1M |
| Avg | 171.6M | 276.5M | 748.4M |
| Low | 157.1M | 256.8M | 726.2M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 62.1% | 79.9% | 181.4% |
| Avg | 41.5% | 61.2% | 170.7% |
| Low | 29.6% | 49.7% | 162.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.17 | 0.68 | 1.44 |
| Avg | 1.92 | 0.19 | 1.38 |
| Low | 1.75 | -0.28 | 1.34 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 888.0% | -64.4% | 669.9% |
| Avg | 772.3% | -90.3% | 640.5% |
| Low | 697.4% | - | 618.5% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.