Hut 8’s (HUT) “Buy” Rating Reiterated at Rosenblatt Securities

Hut 8 (NASDAQ:HUT)‘s stock had its “buy” rating reiterated by stock analysts at Rosenblatt Securities in a report issued on Thursday,Benzinga reports. They currently have a $65.00 target price on the stock. Rosenblatt Securities’ target price points to a potential upside of 17.54% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Cantor Fitzgerald lifted their price target on shares of Hut 8 from $24.00 to $64.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. BTIG Research reiterated a “buy” rating and set a $55.00 price objective on shares of Hut 8 in a research note on Wednesday, December 17th. Needham & Company LLC lifted their target price on shares of Hut 8 from $60.00 to $66.00 and gave the company a “buy” rating in a report on Thursday. Canaccord Genuity Group raised their price objective on Hut 8 from $54.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, December 18th. Finally, Benchmark reiterated a “buy” rating on shares of Hut 8 in a research note on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $65.06.

Hut 8 Price Performance

HUT stock opened at $55.30 on Thursday. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of -141.79 and a beta of 4.42. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.14. Hut 8 has a 52-week low of $10.04 and a 52-week high of $66.07. The stock’s fifty day simple moving average is $54.68 and its 200-day simple moving average is $43.60.

Hedge Funds Weigh In On Hut 8

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC boosted its position in shares of Hut 8 by 116.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,515 shares of the company’s stock valued at $28,000 after purchasing an additional 815 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Hut 8 by 68.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,613 shares of the company’s stock valued at $30,000 after acquiring an additional 655 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Hut 8 during the 4th quarter worth $30,000. Imprint Wealth LLC acquired a new stake in Hut 8 during the 4th quarter worth about $38,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Hut 8 by 235.8% in the second quarter. Russell Investments Group Ltd. now owns 2,448 shares of the company’s stock worth $46,000 after buying an additional 1,719 shares during the period. 31.75% of the stock is owned by institutional investors.

Trending Headlines about Hut 8

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

• Positive Sentiment: Vertiv partnership boosts Hut 8’s AI-data-center thesis — Vertiv announced a collaboration to scale modular, high-density AI infrastructure with digitally validated deployment (Vertiv OneCore), which supports Hut 8’s strategy to lease and operate AI-focused capacity and could accelerate commercial rollouts and revenue opportunities. Vertiv Industrializes AI Deployment with Digitally Orchestrated Infrastructure, Collaborates with Hut 8 to Scale
• Positive Sentiment: Institutional buying and analyst support — recent 13F filings and coverage show large institutional stake builds (including Oasis and other firms) and multiple buy/outperform ratings with price targets above the current level, which has lifted sentiment and provided buying pressure into earnings. Oasis Management’s Higher Stake In Hut 8
• Positive Sentiment: Consensus broker recommendations skew bullish — broker consensus recently summarized as a “Buy,” reinforcing the positive analyst view that underpins demand. Hut 8 Receives Consensus Recommendation of “Buy”
• Neutral Sentiment: Management commentary and investor deck emphasize AI pivot and growth strategy — the Q4 slide deck and earnings-call transcript provide more detail on how Hut 8 plans to monetize AI leases and scale operations; these disclosures clarify strategy but require execution to drive results. Q4 Presentation
• Neutral Sentiment: Metric analysis vs. estimates — writeups comparing key Q4 metrics to street estimates show strong year-over-year revenue growth but mixed per‑metric performance; useful for modeling but not a clear directional signal by itself. Zacks: Compared to Estimates
• Negative Sentiment: Big Q4 earnings miss and large non‑cash loss — Hut 8 reported a materially worse-than-expected EPS and a significant net loss for Q4 (reported per-share losses well below consensus and a large GAAP net loss), and revenue also missed Street estimates; this weak headline financials increase short‑term downside risk and volatility. Benzinga: Hut 8 Stock Pops As Earnings Highlight AI Pivot
• Negative Sentiment: Execution and volatility risks remain high — despite strategic progress, Hut 8 has a high beta, negative P/E, and exposure to crypto and AI leasing cycles; investors will likely focus on cash flow, balance‑sheet metrics and pace of commercial AI lease wins going forward. Company Earnings Press Release

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.