On May 1, 2025, Maxim Group has announced the initiation of coverage on Hut 8 (HUT, Financial) with a "Buy" rating. This announcement is made by analyst Matthew Galinko, indicating a positive outlook for the blockchain infrastructure company.
Maxim Group has set a price target of USD 20.00 for Hut 8 (HUT, Financial), reflecting potential growth in the company's valuation. No prior price target or rating was mentioned, as this is a new coverage initiation by the firm.
Hut 8 (HUT, Financial) operates in the technology sector and is known for its involvement in cryptocurrency mining and blockchain services. This "Buy" rating suggests that the stock offers a significant upside potential, according to Maxim Group's analysis.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Hut 8 Corp (HUT, Financial) is $25.08 with a high estimate of $33.00 and a low estimate of $13.50. The average target implies an upside of 86.22% from the current price of $13.47. More detailed estimate data can be found on the Hut 8 Corp (HUT) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Hut 8 Corp's (HUT, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Hut 8 Corp (HUT, Financial) in one year is $52.34, suggesting a upside of 288.57% from the current price of $13.47. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Hut 8 Corp (HUT) Summary page.
