Rosenblatt Rates Hut 8 (HUT) buy, $124 Price Target
Rosenblatt analyst Chris Brendler reiterates a buy rating on Hut 8 Corp., keeping the price target at $124, a 3.18% upside from the current price.
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Rosenblatt rated Hut 8 Corp. ($HUT) "buy" with a $124 price target on June 11, 2026.
Since the rating, $HUT is up 7.0% after 1 week, down 14.7% after 1 month and down 41.8% to date (from the $116.31 close on Jun 11, 2026).
HUT
Hut 8 Corp.
Key Points
- On June 11, 2026, Rosenblatt reiterated its buy rating on Hut 8 Corp. (NasdaqGS: HUT) with a price target of $124.
- Rosenblatt's $124 price target implies 3.18% upside from Hut 8 Corp.'s ($HUT) current $120.18 share price.
- The stock is trading at $120.18, which is near its 52-week high of $140.80, indicating strong market interest.
- Analyst consensus shows a strong buy rating with a mean target price of approximately $154.04 from 23 analysts.
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Rosenblatt Reiterates Buy Rating
On June 11, 2026, Rosenblatt analyst Chris Brendler reiterated a buy rating on Hut 8 Corp. (NasdaqGS: HUT) with a price target of $124. The stock trades at $120.18, showing a positive outlook as it approaches its recent highs.
Why Analysts Remain Bullish
Rosenblatt's reiteration reflects confidence in Hut 8's business model and operational strength. Following its last earnings update, the company showcased significant revenue growth, further encouraging analysts to maintain their positive views. The target of $124 suggests potential upside from the current price and is part of a broader bullish sentiment among analysts regarding the company's future performance.
Institutional Support
Hut 8 does not have any reported changes in institutional holdings at this time. However, the overall market sentiment remains strong, reflected in the support from various analysts and their price targets.
How Hut 8 Corp. Stock Has Traded
Hut 8 Corp.'s shares are currently trading at $120.18, close to its 52-week high of $140.80. This high price point indicates that investors are optimistic about the company's prospects, especially considering its recent performance and growth in the capital markets sector. Investors might keep an eye on how the stock reacts as it nears critical psychological price levels.
$HUT price target
Hut 8 Corp. daily closes and this analyst's $124 target. Not advice.
Analysts Set New Price Targets
The consensus rating on Hut 8 is a strong buy, with a target mean price of approximately $154.04 from 23 analysts. This reflects a solid belief in the company's growth strategy and ability to capitalize on market opportunities. Notably, firms like Cantor Fitzgerald and Morgan Stanley maintain their overweight ratings, with targets at $151.00 and $275.00, respectively, as of October 2026.
What Hut 8 Corp. Does
Hut 8 Corp. is a key player in the energy infrastructure space, delivering services that combine power and digital infrastructure for energy-intensive applications. It engages in Bitcoin mining and provides cloud services, catering to the growing demand for digital solutions.
What’s Next for Hut 8
The next earnings report for Hut 8 is set for November 4, 2026. This date will be crucial for investors looking for updates on the company's financial health and growth strategies, giving further insight into how they are navigating the challenges and opportunities in the capital markets sector.
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Source: Rosenblatt's rating change on $HUT (Jun 11, 2026). Written by software, not financial advice. How we make alerts