​

Hut 8 Mining (HUT) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

HUT Stock Forecast

Hut 8 Mining (HUT) stock forecast, based on 17 Wall Street analysts, predicts a 12-month average price target of $17.63, with a high of $32.00 and a low of $8.00. This represents a -12.33% decline from the last price of $20.11.

$5 $11 $17 $23 $29 $35 High: $32 Avg: $17.63 Low: $8 Last Closed Price: $20.11

HUT Stock Rating

Hut 8 Mining stock's rating consensus is Buy, based on 17 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 12 Buy (70.59%), 5 Hold (29.41%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 17 0 5 12 Strong Sell Sell Hold Buy Strong Buy

HUT Forecast vs Benchmarks

TypeNameUpside
StockHut 8 Mining-12.33%
SectorFinancial Services Stocks 2.38%
IndustryCapital Markets Stocks-5.05%
IdeaCrypto Stocks List16.25%

Price Target Trends

1M3M12M
# Anlaysts-113
Avg Price Target-$32.00$14.58
Last Closing Price$20.11$20.11$20.11
Upside/Downside-59.12%-27.50%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 2545---9
Dec, 2445---9
Nov, 2433---6
Oct, 2433---6
Sep, 2433---6
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 15, 2024Joseph VafiCanaccord Genuity$32.00$23.7834.57%59.12%
Sep 24, 2024John TodaroNeedham$8.00$11.64-31.27%-60.22%
Sep 24, 2024John TodaroNeedham$16.50$11.5742.61%-17.95%
Aug 14, 2024Mark PalmerCoker Palmer$17.00$11.0653.71%-15.46%
Aug 14, 2024Mike ColonneseH.C. Wainwright$13.50$10.9723.06%-32.87%
Jun 27, 2024Joseph VafiCanaccord Genuity$22.00$17.2127.83%9.40%
Jun 14, 2024George SuttonCraig-Hallum$14.00$11.5121.63%-30.38%
May 16, 2024Mike ColonneseH.C. Wainwright$7.50$8.92-15.92%-62.71%
May 16, 2024Mark PalmerCoker Palmer$12.00$8.9234.53%-40.33%
May 16, 2024George SuttonCraig-Hallum$12.00$8.8335.90%-40.33%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Jan 07, 2025BenchmarkBuyBuyhold
Jan 07, 2025Cantor FitzgeraldOverweightOverweighthold
Dec 09, 2024Cantor FitzgeraldOverweightinitialise
Nov 15, 2024Canaccord GenuityBuyBuyhold
Oct 02, 2024Craig-HallumBuyBuyhold
Sep 24, 2024OppenheimerOutperformOutperformhold
Sep 24, 2024NeedhamBuyBuyhold
Sep 20, 2024H.C. WainwrightBuyBuyhold
Aug 14, 2024BenchmarkBuyBuyhold
Aug 14, 2024H.C. WainwrightSellBuyupgrade

Financial Forecast

EPS Forecast

$-1 $0 $1 $2 $3 $4 $5 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$0.20-------
Avg Forecast$-0.70$2.28$2.40$-0.71$2.75$0.18$1.49$3.56
High Forecast$-0.89$1.82$2.05$-0.73$2.32$0.15$0.60$2.99
Low Forecast$-0.56$2.90$2.91$-0.69$3.29$0.21$2.88$4.25
Surprise %-128.57%-------

Revenue Forecast

$0 $160M $320M $480M $640M $800M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$40.71M-------
Avg Forecast$24.30M$163.21M$172.07M$153.41M$240.00M$411.99M$732.43M$772.42M
High Forecast$20.56M$138.03M$152.73M$134.79M$232.39M$368.99M$730.57M$771.02M
Low Forecast$29.37M$197.22M$199.97M$176.61M$247.61M$454.99M$734.29M$773.82M
Surprise %67.50%-------

Net Income Forecast

$-100M $-10M $80M $170M $260M $350M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$19.04M-------
Avg Forecast$-38.78M$126.01M$195.83M$-57.71M$256.90M$14.02M$180.77M$295.34M
High Forecast$-49.28M$100.73M$167.22M$-59.20M$188.82M$12.14M$49.28M$244.00M
Low Forecast$-31.00M$160.14M$237.12M$-56.23M$268.29M$17.25M$234.68M$346.68M
Surprise %-149.10%-------

HUT Forecast FAQ

Is Hut 8 Mining stock a buy?

Hut 8 Mining stock has a consensus rating of Buy, based on 17 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 12 Buy, 5 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Hut 8 Mining is a favorable investment for most analysts.

What is Hut 8 Mining's price target?

Hut 8 Mining's price target, set by 17 Wall Street analysts, averages $17.63 over the next 12 months. The price target range spans from $8 at the low end to $32 at the high end, suggesting a potential -12.33% change from the previous close price of $20.11.

How does Hut 8 Mining stock forecast compare to the average forecast of its sector, industry, and investment themes?

Hut 8 Mining stock forecast shows a -12.33% downside, underperforming the average forecast for the financial services stocks sector (2.38%) and underperforming the capital markets stocks industry (-5.05%), trailing the Crypto Stocks List (16.25%) investment theme.

What is the breakdown of analyst ratings for Hut 8 Mining over the past three months?

  • January 2025: 44.44% Strong Buy, 55.56% Buy, 0% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 44.44% Strong Buy, 55.56% Buy, 0% Hold, 0% Sell, 0% Strong Sell.
  • November 2024: 50.00% Strong Buy, 50.00% Buy, 0% Hold, 0% Sell, 0% Strong Sell.

What is Hut 8 Mining’s EPS forecast?

Hut 8 Mining's average annual EPS forecast for its fiscal year ending in December is 2.28 for 2021, a 1040.00% increase from the reported $0.2 in 2020. The prediction for 2022 is $2.4, $-0.71 for 2023, $2.75 for 2024, $0.18 for 2025, $1.49 for 2026, and $3.56 for 2027.

What is Hut 8 Mining’s revenue forecast?

Hut 8 Mining's average annual revenue forecast for its fiscal year ending in December is $163.21M for 2021, a 300.90% increase from the reported $40.71M in 2020. The forecast for 2022 is $172.07M, $153.41M for 2023, $240M for 2024, $411.99M for 2025, $732.43M for 2026, and $772.42M for 2027.

What is Hut 8 Mining’s net income forecast?

For its fiscal year ending in December, Hut 8 Mining's average annual net income forecast is $126.01M for 2021, reflecting an 561.79% increase from the reported $19.04M in 2020. The projection for 2022 is $195.83M, $-57.711M for 2023, $256.9M for 2024, $14.02M for 2025, $180.77M for 2026, and $295.34M for 2027.