Hut 8 (NASDAQ:HUT) Stock Price Expected to Rise, Rosenblatt Securities Analyst Says

Hut 8 (NASDAQ:HUT) had its price objective raised by stock analysts at Rosenblatt Securities from $89.00 to $124.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Rosenblatt Securities’ target price suggests a potential upside of 22.55% from the stock’s previous close.

HUT has been the topic of a number of other research reports. BTIG Research upped their target price on shares of Hut 8 from $90.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday. B. Riley Financial upped their target price on shares of Hut 8 from $61.00 to $76.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Arete Research started coverage on shares of Hut 8 in a report on Monday, March 23rd. They set a “buy” rating and a $136.00 target price on the stock. Northland Securities set a $120.00 price target on shares of Hut 8 in a report on Thursday. Finally, Canaccord Genuity Group increased their price target on shares of Hut 8 from $70.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday. Sixteen investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $99.94.

Hut 8 Stock Performance

Hut 8 stock opened at $101.18 on Friday. The firm’s 50 day simple moving average is $60.68 and its 200 day simple moving average is $53.27. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $11.39 billion, a PE ratio of -33.73 and a beta of 4.48. Hut 8 has a 1-year low of $12.81 and a 1-year high of $111.33.

Insiders Place Their Bets

In other news, CFO Sean Joseph Glennan sold 4,625 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $49.05, for a total value of $226,856.25. Following the transaction, the chief financial officer owned 12,068 shares of the company’s stock, valued at $591,935.40. This represents a 27.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Victor Semah sold 10,518 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $76.83, for a total transaction of $808,097.94. Following the completion of the sale, the insider directly owned 41,378 shares of the company’s stock, valued at $3,179,071.74. This trade represents a 20.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 20,641 shares of company stock worth $1,304,631 in the last three months. Insiders own 11.20% of the company’s stock.

Institutional Investors Weigh In On Hut 8

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC purchased a new stake in shares of Hut 8 in the 4th quarter valued at $30,000. Imprint Wealth LLC purchased a new stake in shares of Hut 8 in the 4th quarter valued at $38,000. Russell Investments Group Ltd. boosted its stake in shares of Hut 8 by 235.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,448 shares of the company’s stock valued at $46,000 after purchasing an additional 1,719 shares in the last quarter. Harbor Investment Advisory LLC purchased a new stake in shares of Hut 8 in the 1st quarter valued at $47,000. Finally, Activest Wealth Management purchased a new stake in shares of Hut 8 in the 4th quarter valued at $49,000. Hedge funds and other institutional investors own 31.75% of the company’s stock.

Key Hut 8 News

Here are the key news stories impacting Hut 8 this week:

• Positive Sentiment: Signed a landmark 15?year, $9.8 billion triple?net lease covering 352 MW at its Beacon Point Texas campus with an investment?grade tenant — validates Hut 8’s AI data?center pivot and is the primary catalyst for the recent rally. Hut 8 signs 352MW data center lease in Texas with investment grade tenant
• Positive Sentiment: Multiple brokerages raised price targets and ratings (Canaccord to $130, Citizens JMP to $140, Needham to $128, Piper Sandler to $127, BTIG to $115), reflecting improved expectations for revenue from AI leasing and higher valuation multiples. Canaccord Just Nearly Doubled Hut 8 Price Target to $130 on AI Data Center Pivot
• Positive Sentiment: First?quarter revenue growth was substantial (revenues more than tripled year?over?year) and the company hit record share levels — evidence that the business mix and monetization from AI projects are accelerating. Hut 8 (HUT) Revenues ‘More-Than-Triple, Shares Hit All-Time High
• Neutral Sentiment: Management outlined Beacon Point Phase?1 capex of roughly $9M–$11M per MW and is targeting initial data?hall deliveries in Q2 2027 — helpful for modeling, but heavy upfront capex and multi?year build timelines mean revenue realization is phased. Hut 8 outlines $9M-$11M per MW capex and targets Q2 2027 initial data hall delivery as Beacon
• Neutral Sentiment: CEO Asher Genoot told media investor skepticism around the crypto?AI story is easing and described strong demand and power?sales visibility — positive tone but qualitative; investors will watch booking details and margin proof. Hut 8 CEO: Investor skepticism on crypto to AI power story is over
• Neutral Sentiment: Several financial writeups compare Hut 8 with other technology/finance names as it transitions; useful context for investors but less directly price?sensitive than the lease and analyst actions. Contrasting Hut 8 (NASDAQ:HUT) & PPDAI Group (NYSE:FINV)
• Negative Sentiment: Despite the upbeat narrative, Q1 showed a reported loss and some outlets flagged revenue beats/misses nuances — earnings still reflect operating transition and the need to convert booked leases into cash flow. Hut 8 (HUT) Reports Q1 Loss, Lags Revenue Estimates
• Negative Sentiment: Short?term volatility and profit?taking followed the big move — some press and trading stories note a pullback after the surge, so expect choppy trading as the market digests deal specifics and execution risk. Why Is Hut 8 Stock Falling On Thursday?

Hut 8 Company Profile

Hut 8 Corp., trading on the Nasdaq under the symbol HUT, is a North American digital infrastructure company specializing in cryptocurrency mining and high?performance computing. Founded in 2017 and headquartered in Toronto, Canada, Hut 8 operates purpose?built data centers that house fleets of specialized ASIC and GPU servers. Through its flagship mining facilities in Alberta and Ontario, the company leverages low?cost, low?carbon power sources—such as hydroelectric and natural gas—to support sustainable bitcoin production.