Hut 8 Corp. (HUT)
NASDAQ: HUT · Real-Time Price · USD
24.46
-0.86 (-3.40%)
At close: Nov 20, 2024, 4:00 PM
25.50
+1.04 (4.25%)
Pre-market: Nov 21, 2024, 5:42 AM EST
Hut 8 Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Hut 8 stock have an average target of 32.6, with a low estimate of 32 and a high estimate of 35. The average target predicts an increase of 33.28% from the current stock price of 24.46.
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 5 | 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 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $22 → $32 | Strong Buy | Maintains | $22 → $32 | +30.83% | Nov 14, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $26 → $35 | Strong Buy | Maintains | $26 → $35 | +43.09% | Nov 14, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $15 → $32 | Strong Buy | Maintains | $15 → $32 | +30.83% | Nov 14, 2024 |
| Benchmark | Benchmark | Strong Buy Maintains $17 → $32 | Strong Buy | Maintains | $17 → $32 | +30.83% | Nov 14, 2024 |
| Needham | Needham | Strong Buy Maintains $21 → $32 | Strong Buy | Maintains | $21 → $32 | +30.83% | Nov 14, 2024 |
Financial Forecast
Revenue This Year
169.80M
from 121.21M
Increased by 40.09%
Revenue Next Year
232.07M
from 169.80M
Increased by 36.67%
EPS This Year
1.63
from 0.22
Increased by 639.14%
EPS Next Year
0.04
from 1.63
Decreased by -97.83%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 193.2M | 338.1M |
| Avg | 169.8M | 232.1M |
| Low | 154.4M | 157.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 59.4% | 99.1% |
| Avg | 40.1% | 36.7% |
| Low | 27.4% | -7.5% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 1.73 | 0.59 |
| Avg | 1.63 | 0.04 |
| Low | 1.54 | -0.48 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 687.5% | -63.8% |
| Avg | 639.1% | -97.8% |
| 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.