Hut 8 Corp. (HUT)
NASDAQ: HUT · Real-Time Price · USD
16.02
+0.23 (1.46%)
At close: Nov 1, 2024, 4:00 PM
16.06
+0.04 (0.25%)
After-hours: Nov 1, 2024, 7:46 PM EDT
Hut 8 Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Hut 8 stock have an average target of 16.8, with a low estimate of 13.5 and a high estimate of 22. The average target predicts an increase of 4.87% from the current stock price of 16.02.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Hut 8 stock from 5 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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 5 | 5 | 5 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Benchmark | Benchmark | Strong Buy Reiterates $17 | Strong Buy | Reiterates | $17 | +6.12% | Oct 7, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $14 → $15 | Strong Buy | Maintains | $14 → $15 | -6.37% | Oct 2, 2024 |
| Needham | Needham | Strong Buy Maintains $15 → $17 | Strong Buy | Maintains | $15 → $17 | +3.00% | Sep 24, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $14 | Strong Buy | Reiterates | $14 | -15.73% | Sep 20, 2024 |
| Needham | Needham | Strong Buy Reiterates $15 | Strong Buy | Reiterates | $15 | -6.37% | Aug 23, 2024 |
Financial Forecast
Revenue This Year
171.86M
from 121.21M
Increased by 41.79%
Revenue Next Year
207.38M
from 171.86M
Increased by 20.67%
EPS This Year
1.79
from 0.22
Increased by 712.59%
EPS Next Year
-0.44
from 1.79
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 193.2M | 298.2M |
| Avg | 171.9M | 207.4M |
| Low | 154.4M | 157.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 59.4% | 73.5% |
| Avg | 41.8% | 20.7% |
| Low | 27.3% | -8.6% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 2.07 | 0.59 |
| Avg | 1.79 | -0.44 |
| Low | 1.54 | -1.40 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 840.2% | -67.1% |
| Avg | 712.6% | - |
| Low | 599.4% | - |
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.