- Hut 8 Corp. (HUT, Financial) sees a significant revenue decline in Q1 2025, linked to strategic upgrades and Bitcoin's halving.
- Analysts predict a potential 70.98% upside for HUT, highlighting its investment potential.
- GuruFocus estimates indicate a remarkable 256.78% upside based on GF Value metrics.
Hut 8 Corp. (HUT) reported a challenging first quarter for 2025 with revenue totaling $21.8 million, a notable decrease from $51.7 million in the same period the previous year. This downturn is attributed primarily to the company's fleet upgrades and the impact of Bitcoin's 2024 halving. Despite the revenue drop, Hut 8 Corp. has been proactive with strategic investments amounting to $63.3 million in data centers, emphasizing the scaling of high-performance and AI capabilities. By the quarter's end, the company held 10,264 Bitcoins.
Wall Street Analysts Forecast
Analysts maintain a positive outlook for Hut 8 Corp. Based on the one-year price targets from 12 experts, the average target price is set at $25.08, with estimates ranging from a high of $33.00 to a low of $13.50. This average target suggests a promising upside of 70.98% from the current stock price of $14.67. Investors seeking further insights can refer to the Hut 8 Corp (HUT, Financial) Forecast page for more detailed projections.
The consensus recommendation from 12 brokerage firms rates Hut 8 Corp. (HUT, Financial) at an average of 1.9, positioning it as an "Outperform" stock. This rating falls on a scale from 1 to 5, where 1 indicates a Strong Buy and 5 suggests a Sell.
Furthermore, based on GuruFocus estimates, the estimated GF Value for Hut 8 Corp. (HUT, Financial) in one year stands at $52.34. This estimation points to a substantial 256.78% upside from the current price of $14.67. The GF Value is a critical metric derived from historical trading multiples, past business growth, and projected future performance. For comprehensive data, visit the Hut 8 Corp (HUT) Summary page.
