Hut 8 Corp. (HUT)
NASDAQ: HUT · Real-Time Price · USD
26.92
+0.33 (1.24%)
At close: Jan 17, 2025, 4:00 PM
26.84
-0.08 (-0.30%)
Pre-market: Jan 21, 2025, 5:49 AM 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 35.25, with a low estimate of 32 and a high estimate of 41. The average target predicts an increase of 30.94% from the current stock price of 26.92.
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 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 6 | 6 |
| Buy | 0 | 0 | 0 | 0 | 2 | 2 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 5 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Reiterates $38 | Strong Buy | Reiterates | $38 | +41.16% | Jan 13, 2025 |
| Benchmark | Benchmark | Strong Buy Reiterates $41 | Strong Buy | Reiterates | $41 | +52.30% | Jan 7, 2025 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $35 | Buy | Reiterates | $35 | +30.01% | Jan 7, 2025 |
| Piper Sandler | Piper Sandler | Buy Initiates $33 | Buy | Initiates | $33 | +22.59% | Dec 17, 2024 |
| Needham | Needham | Strong Buy Maintains $32 → $38 | Strong Buy | Maintains | $32 → $38 | +41.16% | Dec 17, 2024 |
Financial Forecast
Revenue This Year
171.77M
from 121.21M
Increased by 41.71%
Revenue Next Year
283.83M
from 171.77M
Increased by 65.24%
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 | 2027 |
|---|---|---|---|---|
| High | 196.5M | 324.8M | 778.1M | |
| Avg | 171.8M | 283.8M | 615.3M | |
| Low | 157.1M | 256.8M | 467.9M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 62.1% | 89.1% | 174.1% | |
| Avg | 41.7% | 65.2% | 116.8% | |
| Low | 29.6% | 49.5% | 64.8% |
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.