On May 9, 2025, Needham analyst John Todaro reiterated a buy rating on Hut 8 (HUT, Financial) stock. The price target was maintained at $21.00, unchanged from the prior evaluation.
The rating reaffirmation by Needham suggests continued confidence in the performance potential of Hut 8 (HUT, Financial). The reiterated price target remains consistent with previous assessments, indicating stable projections for the stock.
Investors and shareholders of Hut 8 (HUT, Financial) will find this update significant, as the unchanged price target and buy rating reflect a positive outlook by analyst John Todaro at Needham.
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.
