Hut 8 Mining Corp. (HUT)
NASDAQ: HUT · IEX Real-Time Price · USD
8.05
+0.17 (2.16%)
Apr 19, 2024, 4:00 PM EDT - Market closed
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 45.96% from the current stock price of 8.05.
Analyst Consensus: Buy
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 '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 0 | 0 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 1 | 1 | 1 |
| Total | 2 | 2 | 2 | 2 | 3 | 4 |
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 | +73.91% | Apr 5, 2024 |
| Craig-Hallum | Craig-Hallum | Hold Maintains $10 → $12 | Hold | Maintains | $10 → $12 | +49.07% | Apr 1, 2024 |
| Needham | Needham | Strong Buy Reiterates $12 | Strong Buy | Reiterates | $12 | +49.07% | Apr 1, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Sell Maintains $7 → $9 | Strong Sell | Maintains | $7 → $9 | +11.80% | Mar 28, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Reiterates $3.5 | Strong Buy | Reiterates | $3.5 | -56.52% | Mar 28, 2024 |
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%
Revenue Forecast
| Revenue | 2023 | 2024 |
|---|---|---|
| High | 86.5M | 105.5M |
| Avg | 77.9M | 87.5M |
| Low | 72.2M | 71.3M |
Revenue Growth
| Revenue Growth | 2023 | 2024 |
|---|---|---|
| High | 5.2% | 35.5% |
| Avg | -5.2% | 12.4% |
| Low | -12.1% | -8.4% |
EPS Forecast
| EPS | 2023 | 2024 |
|---|---|---|
| High | 1.00 | -0.79 |
| Avg | 0.72 | -1.29 |
| Low | 0.49 | -1.76 |
EPS Growth
| EPS Growth | 2023 | 2024 |
|---|---|---|
| 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.