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

OverviewRevenueOwnershipFinancialsChartTranscripts

HUT Stock Forecast

Hut 8 (HUT) stock forecast, based on 7 Wall Street analysts, predicts a 12-month average price target of $32.50, with a high of $33.00 and a low of $32.00. This represents a 168.60% increase from the last price of $12.10.

$5 $11 $17 $23 $29 $35 High: $33 Avg: $32.5 Low: $32 Last Closed Price: $12.1

HUT Stock Rating

Hut 8 stock's rating consensus is Buy, based on 7 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 6 Buy (85.71%), 1 Hold (14.29%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 7 0 1 6 Strong Sell Sell Hold Buy Strong Buy

HUT Price Target Upside V Benchmarks

TypeNameUpside
StockHut 8168.60%
SectorFinancial Services Stocks 15.52%
IndustryCapital Markets Stocks22.02%
IdeaCrypto Stocks List48.91%

Price Target Trends

1M3M12M
# Anlaysts1111
Avg Price Target$33.00$33.00$17.05
Last Closing Price$12.10$12.10$12.10
Upside/Downside172.73%172.73%40.91%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 2546---10
Mar, 2545---9
Feb, 2545---9
Jan, 2545---9
Dec, 2445---9
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Apr 02, 2025Mark PalmerUBS$33.00$13.39146.45%172.73%
Nov 15, 2024Joseph VafiCanaccord Genuity$32.00$23.7834.57%164.46%
Sep 24, 2024John TodaroNeedham$8.00$11.64-31.27%-33.88%
Sep 24, 2024John TodaroNeedham$16.50$11.5742.61%36.36%
Aug 14, 2024Mark PalmerCoker Palmer$17.00$11.0653.71%40.50%
Aug 14, 2024Mike ColonneseH.C. Wainwright$13.50$10.9723.06%11.57%
Jun 27, 2024Joseph VafiCanaccord Genuity$22.00$17.2127.83%81.82%
Jun 14, 2024George SuttonCraig-Hallum$14.00$11.5121.63%15.70%
May 16, 2024Mike ColonneseH.C. Wainwright$7.50$8.92-15.92%-38.02%
May 16, 2024Mark PalmerCoker Palmer$12.00$8.9234.53%-0.83%
Analyst Rating Forecasts
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

$-3 $-2 $-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$1.01$-2.71-$0.16----
Avg Forecast$-0.70$2.28$2.40$-0.71$2.75$0.18$1.49$3.56
High Forecast$-0.56$2.90$2.91$-0.69$3.29$0.21$2.88$4.25
Low Forecast$-0.89$1.82$2.05$-0.73$2.32$0.15$0.60$2.99
Surprise %-244.29%-218.86%--122.54%----

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$173.77M-$81.80M----
Avg Forecast$24.30M$163.21M$172.07M$153.41M$240.00M$411.99M$732.43M$772.42M
High Forecast$29.37M$197.22M$199.97M$176.61M$247.61M$454.99M$734.29M$773.82M
Low Forecast$20.56M$138.03M$152.73M$134.79M$232.39M$368.99M$730.57M$771.02M
Surprise %67.50%6.47%--46.68%----

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$19.04M$-72.71M-$8.38M----
Avg Forecast$-38.78M$126.01M$195.83M$-57.71M$256.90M$14.02M$180.77M$295.34M
High Forecast$-31.00M$160.14M$237.12M$-56.23M$268.29M$17.25M$234.68M$346.68M
Low Forecast$-49.28M$100.73M$167.22M$-59.20M$188.82M$12.14M$49.28M$244.00M
Surprise %-149.10%-157.70%--114.52%----

HUT Forecast FAQ

Is Hut 8 stock a buy?

Hut 8 stock has a consensus rating of Buy, based on 7 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 6 Buy, 1 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Hut 8 is a favorable investment for most analysts.

What is Hut 8's price target?

Hut 8's price target, set by 7 Wall Street analysts, averages $32.5 over the next 12 months. The price target range spans from $32 at the low end to $33 at the high end, suggesting a potential 168.60% change from the previous closing price of $12.1.

How does Hut 8 stock forecast compare to its benchmarks?

Hut 8's stock forecast shows a 168.60% upside, outperforming the average forecast for the financial services stocks sector (15.52%) and outperforming the capital markets stocks industry (22.02%), leading the crypto stocks list (48.91%) investment idea.

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

  • April 2025: 40.00% Strong Buy, 60.00% Buy, 0% Hold, 0% Sell, 0% Strong Sell.
  • March 2025: 44.44% Strong Buy, 55.56% Buy, 0% Hold, 0% Sell, 0% Strong Sell.
  • February 2025: 44.44% Strong Buy, 55.56% Buy, 0% Hold, 0% Sell, 0% Strong Sell.

What is Hut 8’s EPS forecast?

Hut 8's average annual EPS forecast for its fiscal year ending in December 2024 is $2.75, marking a 1618.75% increase from the reported $0.16 in 2023. Estimates for the following years are $0.18 in 2025, $1.49 in 2026, and $3.56 in 2027.

What is Hut 8’s revenue forecast?

Hut 8's average annual revenue forecast for its fiscal year ending in December 2024 is $240M, reflecting a 193.40% increase from the reported $81.8M in 2023. The forecast for 2025 is $411.99M, followed by $732.43M for 2026, and $772.42M for 2027.

What is Hut 8’s net income forecast?

Hut 8's net income forecast for the fiscal year ending in December 2024 stands at $256.9M, representing an 2966.00% increase from the reported $8.38M in 2023. Projections indicate $14.02M in 2025, $180.77M in 2026, and $295.34M in 2027.