HC Wainwright Reiterates “Buy” Rating for Hut 8 (NASDAQ:HUT)

Hut 8 (NASDAQ:HUT)‘s stock had its “buy” rating reaffirmed by analysts at HC Wainwright in a note issued to investors on Thursday,Benzinga reports. They presently have a $80.00 price target on the stock. HC Wainwright’s price target would suggest a potential upside of 50.29% from the stock’s current price.

Several other brokerages also recently commented on HUT. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hut 8 in a research report on Monday, December 29th. B. Riley Financial upped their price target 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. Cantor Fitzgerald raised their price target on shares of Hut 8 from $24.00 to $64.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. Canaccord Genuity Group boosted their price objective on shares of Hut 8 from $54.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, December 18th. Finally, Needham & Company LLC upped their target price on shares of Hut 8 from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $65.56.

Hut 8 Price Performance

HUT stock opened at $53.23 on Thursday. The stock has a market cap of $5.90 billion, a PE ratio of -22.94 and a beta of 4.42. Hut 8 has a 12 month low of $10.04 and a 12 month high of $66.07. The company has a 50-day moving average price of $55.19 and a 200 day moving average price of $43.91. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.14.

Institutional Investors Weigh In On Hut 8

A number of hedge funds and other institutional investors have recently bought and sold shares of HUT. Vanguard Group Inc. boosted its stake in Hut 8 by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 7,978,357 shares of the company’s stock valued at $366,526,000 after acquiring an additional 250,320 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings 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 valued at $186,629,000 after purchasing an additional 4,062,367 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Hut 8 by 20.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,991,466 shares of the company’s stock worth $104,133,000 after purchasing an additional 504,652 shares in the last quarter. SRS Investment Management LLC purchased a new position in Hut 8 during the 4th quarter worth $131,838,000. Finally, Sachem Head Capital Management LP acquired a new position in Hut 8 during the 4th quarter valued at about $129,780,000. Hedge funds and other institutional investors own 31.75% of the company’s stock.

Trending Headlines about Hut 8

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

• Positive Sentiment: Hut 8 reported a Q4 beat with revenue up ~179% year‑over‑year, driven by Compute growth and a strategic pivot toward AI and power‑first infrastructure — this supports higher revenue trajectory and analyst enthusiasm. Zacks: Q4 earnings
• Positive Sentiment: Several brokerages either raised price targets or reaffirmed “buy” ratings — Canaccord to $70, Needham to $66, HC Wainwright reaffirmed at $80, Rosenblatt at $65 — giving upside targets well above current levels and likely supporting buying interest. Benzinga: analyst moves
• Positive Sentiment: Vertiv announced a collaboration with Hut 8 to scale AI data‑center deployments (Vertiv OneCore / digital twin approach), validating Hut 8’s push into AI infrastructure and potential revenue streams beyond pure crypto mining. PR Newswire: Vertiv collaboration
• Neutral Sentiment: Company Q4 2025 earnings call summary is available for detail on operational drivers and management commentary (useful for judging sustainability of Compute/AI momentum). Yahoo Finance: earnings call summary
• Neutral Sentiment: Coverage pieces comparing Hut 8 to peers and discussing valuation/policy tradeoffs have appeared — useful for longer‑term positioning but less likely to move the stock immediately. AAII: investment comparison
• Negative Sentiment: Northland Securities sharply cut EPS estimates across 2026 (Q1–Q4) and slashed FY2026 to ($0.81) from prior positive forecasts — a material downgrade that increases near‑term earnings risk and may have driven some selling/volatility. MarketBeat: analyst estimate changes

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.