Hut 8 (NASDAQ:HUT) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Hut 8 (NASDAQ:HUT) had its price objective raised by research analysts at Canaccord Genuity Group from $62.00 to $70.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 32.26% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Needham & Company LLC raised their target price on shares of Hut 8 from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday. Rosenblatt Securities reiterated a “buy” rating and set a $65.00 price target on shares of Hut 8 in a research report on Thursday. Craig Hallum reissued a “buy” rating and issued a $80.00 price target on shares of Hut 8 in a report on Thursday, December 18th. Benchmark restated a “buy” rating on shares of Hut 8 in a research note on Wednesday, December 17th. Finally, BTIG Research reiterated a “buy” rating and issued a $55.00 target price on shares of Hut 8 in a research note on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $65.56.

Hut 8 Stock Performance

Shares of NASDAQ:HUT traded down $1.90 on Friday, reaching $52.93. 2,326,710 shares of the company’s stock were exchanged, compared to its average volume of 5,342,001. The business’s 50-day moving average is $55.01 and its two-hundred day moving average is $43.68. 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 fifty-two week low of $10.04 and a fifty-two week high of $66.07. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of -22.72 and a beta of 4.42.

Institutional Investors Weigh In On Hut 8

Several institutional investors have recently bought and sold shares of HUT. Northwestern Mutual Wealth Management Co. raised its position in shares of Hut 8 by 4,669,387.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,062,454 shares of the company’s stock worth $186,629,000 after buying an additional 4,062,367 shares in the last quarter. SRS Investment Management LLC acquired a new position in shares of Hut 8 during the fourth quarter valued at approximately $131,838,000. Sachem Head Capital Management LP bought a new stake in Hut 8 during the fourth quarter worth approximately $129,780,000. Ameriprise Financial Inc. lifted its position in Hut 8 by 1,043.0% in the second quarter. Ameriprise Financial Inc. now owns 2,486,814 shares of the company’s stock worth $46,255,000 after purchasing an additional 2,269,237 shares during the period. Finally, Oasis Management Co Ltd. lifted its position in Hut 8 by 231.5% in the fourth quarter. Oasis Management Co Ltd. now owns 2,307,683 shares of the company’s stock worth $106,015,000 after purchasing an additional 1,611,653 shares during the period. Institutional investors and hedge funds own 31.75% of the company’s stock.

Hut 8 News Roundup

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

• Positive Sentiment: Q4 2025 beat: Hut 8 reported Q4 results that topped estimates with revenue rising ~179% year-over-year, driven by Compute growth and the company’s pivot toward AI and power-first infrastructure. This beats/acceleration supports the company’s growth narrative. Zacks: Q4 Earnings
• Positive Sentiment: AI/data center partnership: Vertiv announced a collaboration with Hut 8 to scale AI-ready data center deployments (Vertiv OneCore / digital twin approach). This validates Hut 8’s AI infrastructure strategy and could accelerate commercial scale opportunities. PR Newswire: Vertiv Collaboration
• Positive Sentiment: Broker upgrades/targets: Several firms reaffirmed buys or raised targets (Needham raised target to $66; Rosenblatt and HC Wainwright maintain buy ratings with $65 and $80 targets respectively), providing upside narratives for momentum investors. Benzinga: Analyst Notes
• Neutral Sentiment: Consensus view: Broker coverage consensus is a “Buy” on HUT, reflecting bullish analyst positioning into 2026. AmericanBankingNews: Consensus
• Neutral Sentiment: Investor materials published: Full Q4 earnings presentation and the earnings call transcript are available for deeper due diligence. These provide detail on compute mix, margin drivers and capital plans. Seeking Alpha: Transcript
• Negative Sentiment: Analyst cuts to 2026 EPS: Northland Securities materially reduced Q1–Q4 and FY2026 EPS forecasts (FY2026 from $0.08 to -$0.81), signaling lower near‑term profitability expectations and creating downward pressure on the stock. This downgrade appears to be the main catalyst for weakness. MarketBeat: Analyst Notes

About Hut 8

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.