12 Month Price Forecast For HUT
Distance to HUT Price Forecasts
HUT Price Momentum
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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Data last updated: February 7, 2025 10:06 PM UTC
HUT Analyst Ratings & Price Targets
Based on our analysis of 9 Wall Street analysts, HUT has a consensus that is bullish. The median price target is $35.00, with forecasts ranging from $30.00 to $41.00. Currently, there are 9 Buy ratings, 0 Hold ratings, and 0 Sell ratings.
With HUT currently trading at $21.10, the median price forecast suggests a 65.9% upside. The most optimistic forecast comes from Mark Palmer at Benchmark, projecting a 94.3% upside, while at provides the most conservative target, suggesting a 42.2% upside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
HUT Analyst Consensus
HUT Price Target Range
Latest HUT Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for HUT.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
Jan 13, 2025 | Needham | John Todaro | Buy | Reiterates | $38.00 |
Jan 7, 2025 | Benchmark | Mark Palmer | Buy | Reiterates | $41.00 |
Jan 7, 2025 | Cantor Fitzgerald | Brett Knoblauch | Overweight | Reiterates | $35.00 |
Dec 17, 2024 | Needham | Buy | Maintains | $0.00 | |
Dec 17, 2024 | Piper Sandler | Overweight | Initiates | $0.00 | |
Dec 12, 2024 | Jones Trading | Buy | Initiates | $0.00 | |
Dec 12, 2024 | Cantor Fitzgerald | Overweight | Reiterates | $0.00 | |
Dec 9, 2024 | Cantor Fitzgerald | Overweight | Initiates | $0.00 | |
Nov 14, 2024 | HC Wainwright & Co. | Mike Colonnese | Buy | Maintains | $35.00 |
Nov 14, 2024 | Craig-Hallum | George Sutton | Buy | Maintains | $32.00 |
Nov 14, 2024 | Canaccord Genuity | Joseph Vafi | Buy | Maintains | $32.00 |
Nov 14, 2024 | Benchmark | Mark Palmer | Buy | Maintains | $32.00 |
Nov 14, 2024 | Needham | John Todaro | Buy | Maintains | $32.00 |
Oct 7, 2024 | Benchmark | Mark Palmer | Buy | Reiterates | $17.00 |
Oct 2, 2024 | Craig-Hallum | George Sutton | Buy | Maintains | $15.00 |
Sep 24, 2024 | Needham | John Todaro | Buy | Maintains | $16.50 |
Sep 20, 2024 | HC Wainwright & Co. | Mike Colonnese | Buy | Reiterates | $13.50 |
Aug 23, 2024 | Needham | John Todaro | Buy | Reiterates | $15.00 |
Aug 21, 2024 | Canaccord Genuity | Joseph Vafi | Buy | Maintains | $22.00 |
Aug 14, 2024 | Needham | John Todaro | Buy | Reiterates | $15.00 |
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Hut 8 Mining Corp. (HUT) Financial Data
Hut 8 Mining Corp. has a market capitalization of $1.95B with a P/E ratio of -28.2x. The company generates $194.02M in trailing twelve-month revenue with a 93.2% profit margin.
Revenue growth is +101.5% quarter-over-quarter, while maintaining an operating margin of -4.6% and return on equity of -239.7%.
Valuation Metrics
Growth & Margins
Financial Health
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Hut 8 Mining Corp. (HUT) Company Overview
About Hut 8 Mining Corp.
Operates Bitcoin mining and energy infrastructure services.
The company generates revenue through its four segments: Digital Assets Mining by mining Bitcoin, Managed Services by offering energy infrastructure development and operational support, High Performance Computing through colocation and cloud services, and Other services including equipment sales and maintenance. This diversified approach allows Hut 8 to capitalize on both cryptocurrency mining and energy management.
Founded in 2017 and based in Miami, Florida, Hut 8 Corp. is positioned in the growing cryptocurrency sector, leveraging energy infrastructure expertise to enhance operational efficiency. Its focus on managed services and cloud solutions provides additional revenue streams and resilience against market volatility.
Company Information
Sector
Financial Services
Industry
Capital Markets
Employees
219
CEO
Mr. Asher Kevin Genoot
Country
United States
IPO Year
2018
Website
hut8.comHut 8 Mining Corp. (HUT) Latest News & Analysis
Hut 8 Operations Update for January 2025
3 days agoHut 8 Corp. reports nearing completion of infrastructure upgrades for miner deliveries, with the 205 MW Vega project on track for Q2 2025 energization, enhancing its mining capacity.
Hut 8's infrastructure upgrades and upcoming miner deliveries position the company for increased operational capacity and potential revenue growth, impacting its stock performance positively.
Hut 8 Corp. is leveraging AI solutions and increasing Bitcoin reserves, but faces challenges from market volatility and regulatory risks.
Hut 8's AI advancements and Bitcoin reserves could enhance growth, but market volatility and regulatory risks may impact performance and investor confidence.
Cantor Fitzgerald's Brett Knoblauch on how Stargate could be a bullish opportunity for crypto miners
16 days agoBrett Knoblauch of Cantor Fitzgerald discussed the energy requirements for AI related to the Stargate deal and identified potential winners from this development on 'Power Lunch.'
The discussion highlights the intersection of AI and energy consumption, signaling potential investment opportunities in tech and energy sectors linked to digital assets and emerging technologies.
Needham analyst John Todaro reiterated a Buy rating on Hut 8 Corp (HUT) with a maintained price target of $38.00.
Needham's Buy rating and $38 price target for Hut 8 Corp signal confidence in the company's growth potential, influencing investor sentiment and stock demand.
Bitcoin ETF Outflows Gather Steam As Bitcoin Falls Near $90,000; Are Crypto ETFs A Sell Now?
28 days agoCrypto ETFs surged with Bitcoin reaching $108,000 in December but have since declined as Bitcoin approaches $90,000, prompting concerns about potential ETF sell-offs.
The decline in Bitcoin and rising ETF outflows signal potential market instability, impacting investor sentiment and strategies in crypto assets.
Hut 8 Operations Update for December 2024
1 month agoHut 8 Corp. plans to begin miner shipments in January 2025, aiming for fleet efficiency of 19.9 J/TH. The Vega project is on track for energization by Q2 2025.
Hut 8's operational updates indicate improved efficiency and timely project advancements, which can enhance profitability and investor confidence in its growth potential.
Frequently Asked Questions About HUT Stock
What is Hut 8 Mining Corp.'s (HUT) stock forecast for 2025?
Based on our analysis of 9 Wall Street analysts, Hut 8 Mining Corp. (HUT) has a median price target of $35.00. The highest price target is $41.00 and the lowest is $30.00.
Is HUT stock a good investment in 2025?
According to current analyst ratings, HUT has 9 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $21.10. Always conduct your own research and consider your investment goals before making investment decisions.
What is the price prediction for HUT stock?
Wall Street analysts predict HUT stock could reach $35.00 in the next 12 months. This represents a 65.9% increase from the current price of $21.10. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Hut 8 Mining Corp.'s business model?
The company generates revenue through its four segments: Digital Assets Mining by mining Bitcoin, Managed Services by offering energy infrastructure development and operational support, High Performance Computing through colocation and cloud services, and Other services including equipment sales and maintenance. This diversified approach allows Hut 8 to capitalize on both cryptocurrency mining and energy management.
What is the highest forecasted price for HUT Hut 8 Mining Corp.?
The highest price target for HUT is $41.00 from Mark Palmer at Benchmark, which represents a 94.3% increase from the current price of $21.10.
What is the lowest forecasted price for HUT Hut 8 Mining Corp.?
The lowest price target for HUT is $30.00 from at , which represents a 42.2% increase from the current price of $21.10.
What is the overall HUT consensus from analysts for Hut 8 Mining Corp.?
The overall analyst consensus for HUT is bullish. Out of 9 Wall Street analysts, 9 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $35.00.
How accurate are HUT stock price projections?
Stock price projections, including those for Hut 8 Mining Corp., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.