Hut 8’s (HUT) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Hut 8 (NASDAQ:HUT) in a report released on Thursday morning,Benzinga reports. The brokerage currently has a $65.00 price objective on the stock.

HUT has been the topic of several other reports. BTIG Research reaffirmed a “buy” rating and set a $55.00 price objective on shares of Hut 8 in a report on Wednesday, December 17th. Piper Sandler restated an “overweight” rating on shares of Hut 8 in a research report on Thursday, December 18th. B. Riley Financial increased their price objective on shares of Hut 8 from $61.00 to $76.00 and gave the company a “buy” rating in a research report on Friday, January 9th. HC Wainwright initiated coverage on shares of Hut 8 in a report on Monday, February 2nd. They issued a “buy” rating and a $80.00 target price on the stock. Finally, Craig Hallum restated a “buy” rating and set a $80.00 target price on shares of Hut 8 in a research report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Hut 8 currently has an average rating of “Buy” and an average target price of $65.56.

Hut 8 Trading Down 2.9%

Shares of HUT stock opened at $53.23 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $5.90 billion, a price-to-earnings 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 stock’s 50-day moving average price is $55.19 and its 200-day moving average price is $44.06.

Hedge Funds Weigh In On Hut 8

A number of large investors have recently made changes to their positions in HUT. GAMMA Investing LLC bought a new position in Hut 8 during the 4th quarter valued at about $30,000. Imprint Wealth LLC bought a new stake in Hut 8 in the fourth quarter worth about $38,000. Activest Wealth Management purchased a new position in shares of Hut 8 during the fourth quarter valued at approximately $49,000. Danske Bank A S bought a new position in shares of Hut 8 during the fourth quarter valued at approximately $51,000. Finally, CWM LLC raised its holdings in shares of Hut 8 by 37.4% in the fourth quarter. CWM LLC now owns 1,106 shares of the company’s stock worth $51,000 after buying an additional 301 shares during the period. 31.75% of the stock is owned by hedge funds and other institutional investors.

Hut 8 News Summary

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.