Keefe, Bruyette & Woods Issues Positive Forecast for Hut 8 (NASDAQ:HUT) Stock Price

Hut 8 (NASDAQ:HUT) had its target price hoisted by Keefe, Bruyette & Woods from $30.00 to $55.00 in a report issued on Friday morning, Marketbeat.com reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

Several other research firms have also weighed in on HUT. Citigroup reiterated an “outperform” rating on shares of Hut 8 in a report on Tuesday, October 21st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hut 8 in a research report on Monday. Rosenblatt Securities restated a “buy” rating and issued a $65.00 target price on shares of Hut 8 in a research report on Thursday. Canaccord Genuity Group upped their price target on Hut 8 from $54.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Needham & Company LLC reissued a “buy” rating and set a $60.00 price objective on shares of Hut 8 in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $53.76.

Hut 8 Stock Performance

NASDAQ HUT opened at $44.12 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.72 and a current ratio of 0.72. The stock’s fifty day moving average is $43.68 and its two-hundred day moving average is $31.55. The firm has a market capitalization of $4.77 billion, a P/E ratio of -113.13 and a beta of 4.41. Hut 8 has a fifty-two week low of $10.04 and a fifty-two week high of $57.29.

Hut 8 (NASDAQ:HUT) last posted its quarterly earnings results on Tuesday, November 4th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.09. Hut 8 had a return on equity of 8.06% and a net margin of 115.39%.The business had revenue of $80.72 million for the quarter, compared to analyst estimates of $64.70 million. On average, research analysts anticipate that Hut 8 will post -0.53 earnings per share for the current year.

Institutional Investors Weigh In On Hut 8

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. lifted its position in shares of Hut 8 by 1,043.0% during the 2nd 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 last quarter. Value Aligned Research Advisors LLC boosted its position in shares of Hut 8 by 110.2% during the 3rd quarter. Value Aligned Research Advisors LLC now owns 1,948,995 shares of the company’s stock worth $67,845,000 after acquiring an additional 1,021,955 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in shares of Hut 8 during the 3rd quarter worth about $35,044,000. Nishkama Capital LLC acquired a new stake in shares of Hut 8 during the 3rd quarter worth about $28,137,000. Finally, Thames Capital Management LLC purchased a new stake in Hut 8 during the third quarter worth approximately $25,084,000. 31.75% of the stock is currently owned by institutional investors and hedge funds.

Key Hut 8 News

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

• Positive Sentiment: Multiple broker upgrades and higher price targets (KBW raised its PT to $55 and set an “outperform” rating), providing fresh analyst support and implied upside. KBW raises PT to $55
• Positive Sentiment: Canaccord raised its PT to $62 (buy), while Needham and Rosenblatt reaffirmed buy ratings with $60 and $65 PTs — broad analyst momentum that can attract more buyer interest. Canaccord raises PT to $62
• Positive Sentiment: BTIG reiterated a “Buy” rating, adding to the consensus of bullish analyst views. BTIG reiterates Buy
• Positive Sentiment: Hut 8 announced a major long‑term commercial data‑center arrangement (reported as a $7B River Bend lease) and management says it could be the “first domino” toward larger cloud/AI infrastructure partnerships — materially increases predictable revenue and cash‑flow runway. CEO: $7B deal is ‘first domino’ River Bend $7B lease
• Positive Sentiment: Investment‑bank commentary (Morgan Stanley) and coverage (The Motley Fool) highlight that the Anthropic/FluidStack/Google relationships and the River Bend lease set a high benchmark and could drive substantial operating profit (reports cite ~ $450M potential annual operating profit), supporting higher valuation expectations. Morgan Stanley: deal sets high water mark Fool: deal could drive big profits
• Positive Sentiment: Unusual options activity: heavy call buying has been reported, consistent with short‑term bullish trader positioning. Call options activity
• Neutral Sentiment: Several bullish writeups and bull‑case analyses (InsiderMonkey, Yahoo/Analyst Substack) summarize upside scenarios but note execution risk — useful for longer‑term thesis but less likely to move price alone. Bull case summary
• Neutral Sentiment: Ongoing media coverage (video segments, Benzinga summaries) amplifies visibility; helpful for flows but not a direct fundamental catalyst. Benzinga coverage

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.