Hut 8 Mining Corp. (HUT)
NASDAQ: HUT · IEX Real-Time Price · USD
7.24
0.00 (0.00%)
At close: Apr 16, 2024, 4:00 PM
7.41
+0.17 (2.35%)
Pre-market: Apr 17, 2024, 5:17 AM EDT

Hut 8 Mining Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for Hut 8 Mining stock have an average target of 11.75, with a low estimate of 9.00 and a high estimate of 14. The average target predicts an increase of 62.29% from the current stock price of 7.24.

Analyst Consensus: Buy
Target Low Average Median High
Price $9.00 $11.75 $12 $14
Change +24.31% +62.29% +65.75% +93.37%

Analyst Ratings

The average analyst rating for Hut 8 Mining stock from 4 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating Nov '23Dec '23Jan '24Feb '24Mar '24Apr '24
Strong Buy 111122
Buy 000000
Hold 111001
Sell 000000
Strong Sell 000111
Total 222234

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Canaccord Genuity
Canaccord Genuity
Strong Buy
Maintains
$18$14
Strong Buy Maintains $18$14 +93.37% Apr 5, 2024
Craig-Hallum
Craig-Hallum
Hold
Maintains
$10$12
Hold Maintains $10$12 +65.75% Apr 1, 2024
Needham
Needham
Strong Buy
Reiterates
$12
Strong Buy Reiterates $12 +65.75% Apr 1, 2024
HC Wainwright & Co.
HC Wainwright & Co.
Strong Sell
Maintains
$7$9
Strong Sell Maintains $7$9 +24.31% Mar 28, 2024
Canaccord Genuity
Canaccord Genuity
Strong Buy
Reiterates
$3.5
Strong Buy Reiterates $3.5 -51.66% Mar 28, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
91.93M
from 82.16M
Increased by 11.89%
Revenue Next Year
77.89M
from 91.93M
Decreased by -15.27%
EPS This Year
0.61
from -1.58
EPS Next Year
0.72
from 0.61
Increased by 19.44%
Year 202220232023202320242024
Revenue
73.73M82.16M91.93M77.89M87.51M87.51M
Revenue Growth
-11.43%11.89%-15.27%12.35%-
EPS
-0.94-1.580.610.72-1.29-1.29
EPS Growth
---19.44%--
No. Analysts --5453
Financial currency is CAD. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20232024
High 86.5M 105.5M
Avg 77.9M 87.5M
Low 72.2M 71.3M

Revenue Growth

Revenue Growth 20232024
High
5.2%
35.5%
Avg
-5.2%
12.4%
Low
-12.1%
-8.4%

EPS Forecast

EPS 20232024
High 1.00 -0.79
Avg 0.72 -1.29
Low 0.49 -1.76

EPS Growth

EPS Growth 20232024
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.