On May 9, 2025, analyst Mike Colonnese from HC Wainwright & Co. reiterated their "Buy" rating for Hut 8 (HUT, Financial), maintaining a price target of $25.00 USD. This comes as the firm's analyst continues to see promising potential in the stock's future performance.
The current price target remains unchanged from the previous assessment, reflecting HC Wainwright & Co.'s steady confidence in Hut 8 (HUT, Financial) as a favorable investment. The analyst's endorsement is based on the same valuation strategy as before, not showing any percentage change in the target price.
Hut 8 (HUT, Financial), traded on the NASDAQ, continues to be rated as a "Buy." Investors may find this reiterated recommendation noteworthy as it signals a consistent outlook from the analyst amidst market fluctuations. The price target of $25.00 USD highlights the belief in the stock's potential to reach or exceed this valuation.
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 77.02% from the current price of $14.17. 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 269.37% from the current price of $14.17. 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.
