On May 12, 2025, Canaccord Genuity reiterated its "Buy" rating for Hut 8 (HUT, Financial), maintaining its stance on the stock. Analyst Joseph Vafi confirmed that the rating remains unchanged from the previous assessment.
The price target for Hut 8 (HUT, Financial) is also maintained at $32.00 USD. This stability in the price target suggests that Canaccord Genuity continues to see potential value in the stock, holding its prior valuation.
The analyst's unchanged stance indicates a consistent outlook for Hut 8 (HUT, Financial) in the near term. Investors should note that both the rating and price target have not been adjusted, which could imply confidence in the company's current market position.
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 80.59% from the current price of $13.89. 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 $23.23, suggesting a upside of 67.24% from the current price of $13.89. 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.
