Hut 8 Mining Corp. (HUT)
NASDAQ: HUT · IEX Real-Time Price · USD
15.67
+0.42 (2.75%)
At close: Jul 2, 2024, 4:00 PM
15.30
-0.37 (-2.36%)
After-hours: Jul 2, 2024, 7:58 PM EDT
Hut 8 Mining Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Hut 8 Mining stock have an average target of 15.1, with a low estimate of 7.50 and a high estimate of 22. The average target predicts a decrease of -3.64% from the current stock price of 15.67.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Hut 8 Mining 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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 2 | 3 | 4 | 4 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 0 | 0 | 1 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 1 | 1 | 1 | 1 | 1 |
| Total | 2 | 2 | 3 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $14 → $22 | Strong Buy | Maintains | $14 → $22 | +40.40% | Jun 27, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Sell Reiterates $7.5 | Strong Sell | Reiterates | $7.5 | -52.14% | Jun 25, 2024 |
| Needham | Needham | Strong Buy Maintains $13 → $15 | Strong Buy | Maintains | $13 → $15 | -4.28% | Jun 24, 2024 |
| Benchmark | Benchmark | Strong Buy Maintains $12 → $17 | Strong Buy | Maintains | $12 → $17 | +8.49% | Jun 21, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $12 → $14 | Strong Buy | Maintains | $12 → $14 | -10.66% | Jun 14, 2024 |
Financial Forecast
Revenue This Year
77.89M
from 82.16M
Decreased by -5.20%
Revenue Next Year
91.93M
from 77.89M
Increased by 18.03%
EPS This Year
0.72
from -1.58
EPS Next Year
0.61
from 0.72
Decreased by -16.28%
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 121.2M | 105.5M | 216.2M |
| Avg | 91.9M | 87.5M | 180.2M |
| Low | 73.8M | 71.3M | 147.8M |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 47.5% | 14.8% | 147.1% |
| Avg | 11.9% | -4.8% | 105.9% |
| Low | -10.2% | -22.4% | 68.9% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 0.74 | -0.79 | -0.54 |
| Avg | 0.61 | -1.29 | -0.52 |
| Low | 0.49 | -1.76 | -0.50 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | - | - | - |
| Avg | - | - | - |
| Low | - | - | - |
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.