Several analysts have recently updated their ratings and price targets for Hut 8 (NASDAQ: HUT):
- 11/7/2026 – Hut 8 was upgraded by Wall Street Zen from “strong sell” to “sell”.
- 11/6/2026 – Hut 8 had its “buy” rating reaffirmed by B. Riley Financial. They now have a $132.00 price target on the stock, down from $134.00.
- 11/5/2026 – Hut 8 had its price target lowered by Rosenblatt Securities from $124.00 to $100.00. They now have a “buy” rating on the stock.
- 11/5/2026 – Hut 8 had its price target lowered by Wells Fargo & Company from $175.00 to $148.00. They now have an “overweight” rating on the stock.
- 11/5/2026 – Hut 8 had its price target lowered by Needham & Company LLC from $138.00 to $101.00. They now have a “buy” rating on the stock.
- 11/5/2026 – Hut 8 had its price target lowered by Cantor Fitzgerald from $151.00 to $127.00. They now have an “overweight” rating on the stock.
- 10/30/2026 – Hut 8 had its price target lowered by B. Riley Financial from $163.00 to $134.00. They now have a “buy” rating on the stock.
- 10/20/2026 – Hut 8 had its price target lowered by Piper Sandler from $143.00 to $123.00. They now have an “overweight” rating on the stock.
- 10/16/2026 – Hut 8 had its price target lowered by Cantor Fitzgerald from $180.00 to $151.00. They now have an “overweight” rating on the stock.
- 10/9/2026 – Hut 8 had its price target raised by Morgan Stanley from $273.00 to $275.00. They now have an “overweight” rating on the stock.
- 10/8/2026 – Hut 8 had its “buy” rating reaffirmed by UBS Group.
- 10/7/2026 – Hut 8 is now covered by Roth Capital. They set a “buy” rating and a $108.00 price target on the stock.
- 10/7/2026 – Hut 8 was upgraded by Roth Capital to “strong-buy”.
- 10/7/2026 – Hut 8 had its “buy” rating reaffirmed by Canaccord Genuity Group. They now have a $130.00 price target on the stock.
- 9/23/2026 – Hut 8 is now covered by UBS Group. They set a “buy” rating and a $143.00 price target on the stock.
- 9/23/2026 – Hut 8 is now covered by UBS Group. They set a “buy” rating and a $143.00 price target on the stock.
- 9/21/2026 – Hut 8 is now covered by Rothschild & Co Redburn. They set a “neutral” rating and a $96.00 price target on the stock.
- 9/21/2026 – Hut 8 is now covered by Rothschild & Co Redburn. They set a “neutral” rating and a $96.00 price target on the stock.
- 9/17/2026 – Hut 8 is now covered by Wells Fargo & Company. They set an “overweight” rating and a $175.00 price target on the stock.
- 9/17/2026 – Hut 8 is now covered by Wells Fargo & Company. They set an “overweight” rating and a $175.00 price target on the stock.
Hut 8 Stock Performance
Shares of HUT opened at $52.65 on Monday. The business has a 50-day moving average of $80.94 and a 200 day moving average of $82.18. Hut 8 Corp. has a fifty-two week low of $31.67 and a fifty-two week high of $140.80. The firm has a market cap of $6.32 billion, a P/E ratio of -10.74 and a beta of 4.54. The company has a debt-to-equity ratio of 3.84, a quick ratio of 9.48 and a current ratio of 9.48.
Hut 8 (NASDAQ:HUT – Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $1.70. The business had revenue of $71.07 million for the quarter, compared to analysts’ expectations of $75.78 million. Hut 8 had a negative return on equity of 9.68% and a negative net margin of 169.76%. As a group, research analysts forecast that Hut 8 Corp. will post -1.33 EPS for the current year.
Insider Transactions at Hut 8
In other news, CFO Sean Glennan sold 6,445 shares of Hut 8 stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $78.76, for a total value of $507,608.20. Following the completion of the transaction, the chief financial officer owned 17,978 shares in the company, valued at $1,415,947.28. This trade represents a 26.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Mayo Shattuck, III sold 20,000 shares of Hut 8 stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $100.00, for a total transaction of $2,000,000.00. Following the completion of the transaction, the director owned 89,408 shares of the company’s stock, valued at $8,940,800. The trade was a 18.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 10.40% of the stock is owned by company insiders.
Hut 8 is a North American energy and digital infrastructure company whose businesses include Bitcoin mining, data centers and computing services. It develops and operates facilities that support digital asset mining and other high-performance computing workloads.
The company’s services include infrastructure and managed services for Bitcoin mining, as well as data center capacity and computing solutions. Hut 8 also works on developing and operating energy infrastructure to support its facilities.
Hut 8 Corp was formed in 2023 through the merger of Canadian Bitcoin miner Hut 8 Mining Corp.
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