Hut 8 (NASDAQ:HUT) Price Target Raised to $195.00 at Benchmark

Hut 8 (NASDAQ:HUT) had its price target lifted by Benchmark from $165.00 to $195.00 in a research note released on Wednesday,Benzinga reports. Benchmark currently has a buy rating on the stock.

Several other equities analysts have also weighed in on HUT. Needham & Company LLC raised their price objective on shares of Hut 8 from $128.00 to $145.00 and gave the company a “buy” rating in a research report on Monday. B. Riley Financial increased their target price on shares of Hut 8 from $76.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Loop Capital set a $226.00 target price on shares of Hut 8 in a report on Monday, June 22nd. Northland Securities set a $120.00 price target on shares of Hut 8 in a research report on Thursday, May 7th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Hut 8 in a report on Tuesday, April 28th. Seventeen research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $126.26.

Hut 8 Stock Up 0.8%

HUT opened at $109.86 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $12.37 billion, a PE ratio of -36.62 and a beta of 4.62. The stock’s fifty day moving average is $111.28 and its 200-day moving average is $78.63. Hut 8 has a one year low of $18.68 and a one year high of $140.80.

Hut 8 (NASDAQ:HUT) last released its earnings results on Wednesday, May 6th. The company reported ($1.98) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($1.65). Hut 8 had a negative return on equity of 0.35% and a negative net margin of 109.77%.The firm had revenue of $139.31 million for the quarter, compared to analyst estimates of $78.53 million. On average, equities analysts predict that Hut 8 will post -1.29 EPS for the current fiscal year.

Insider Activity

In other news, Director Rick Rickertsen sold 17,491 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $110.00, for a total transaction of $1,924,010.00. Following the sale, the director owned 17,491 shares in the company, valued at $1,924,010. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Victor Semah sold 10,518 shares of the business’s stock in a transaction that occurred 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 sale, the insider owned 41,378 shares in the company, valued at $3,179,071.74. This represents a 20.27% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. In the last ninety days, insiders sold 112,724 shares of company stock valued at $12,184,340. 10.40% of the stock is currently owned by insiders.

Institutional Trading of Hut 8

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in shares of Hut 8 in the fourth quarter worth $30,000. Arlington Trust Co LLC raised its position in Hut 8 by 175.0% during the second quarter. Arlington Trust Co LLC now owns 275 shares of the company’s stock valued at $32,000 after buying an additional 175 shares during the period. Imprint Wealth LLC acquired a new position in Hut 8 during the fourth quarter valued at $38,000. Russell Investments Group Ltd. raised its position in Hut 8 by 235.8% during the second quarter. Russell Investments Group Ltd. now owns 2,448 shares of the company’s stock valued at $46,000 after buying an additional 1,719 shares during the period. Finally, Harbor Investment Advisory LLC purchased a new stake in Hut 8 in the 1st quarter worth about $47,000. 31.75% of the stock is owned by institutional investors and hedge funds.

Hut 8 News Summary

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

• Positive Sentiment: Benchmark raised its price target on Hut 8 for the second time in a week, lifting the target to $195 and keeping a buy rating, reflecting growing confidence in the company’s AI/data center strategy. Benchmark Raises Hut 8 Price Target For Second Time In A Week
• Positive Sentiment: Needham boosted its target to $145 after Hut 8 signed a second Beacon Point AI lease, signaling that analysts see more value from the company’s leasing and infrastructure buildout. Needham lifts Hut 8 target to $145 after second Beacon Point AI lease
• Positive Sentiment: Hut 8 signed a 15-year, $9.8 billion triple-net lease at its Beacon Point Texas campus, doubling contracted capacity to 704 megawatts and strengthening the investment case for its AI data center expansion. Texas Power Play: Hut 8 Sparks a $9.8B AI Infrastructure Deal
• Positive Sentiment: Recent options activity showed unusually heavy call buying in Hut 8, suggesting traders are positioning for further upside. Investors Buy Large Volume of Call Options on Hut 8 (NASDAQ:HUT)
• Neutral Sentiment: Coverage and commentary continue to highlight Hut 8’s strong returns but also note that the stock remains expensive on a sales basis, which may temper enthusiasm. Hut 8 (HUT) Stock Looks Strong On Returns Yet Expensive On Sales
• Neutral Sentiment: The CEO’s media appearance underscored the company’s view that power is the key resource for AI data centers, reinforcing the strategic rationale behind its new hyperscaler and leasing deals. Hut 8 CEO Asher Genoot: Power is the key resource allowing AI data centers to thrive
• Negative Sentiment: Some commentary still frames Hut 8 as partly dependent on a struggling bitcoin mining business, which could weigh on sentiment if the AI transition takes longer than expected. Hut 8 Stock Surges Up to 200% in 2026 as Bitcoin Mining Unit Struggles

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.