Weekly Research Analysts’ Ratings Updates for Hut 8 (HUT)

A number of research firms have changed their ratings and price targets for Hut 8 (NASDAQ: HUT):

• 5/8/2026 – Hut 8 had its price target raised by Rosenblatt Securities from $89.00 to $124.00. They now have a “buy” rating on the stock.
• 5/7/2026 – Hut 8 was downgraded by Weiss Ratings from “sell (d+)” to “sell (d-)”.
• 5/7/2026 – Hut 8 was given a new $120.00 price target by Northland Securities.
• 5/7/2026 – Hut 8 had its price target raised by Canaccord Genuity Group Inc. from $70.00 to $130.00. They now have a “buy” rating on the stock.
• 5/7/2026 – Hut 8 had its price target raised by Citizens Jmp from $100.00 to $140.00. They now have a “market outperform” rating on the stock.
• 5/7/2026 – Hut 8 had its price target raised by Needham & Company LLC from $88.00 to $128.00. They now have a “buy” rating on the stock.
• 5/6/2026 – Hut 8 had its price target raised by Piper Sandler from $93.00 to $127.00. They now have an “overweight” rating on the stock.
• 5/6/2026 – Hut 8 had its price target raised by BTIG Research from $90.00 to $115.00. They now have a “buy” rating on the stock.
• 4/28/2026 – Hut 8 had its “outperform” rating reaffirmed by Citigroup Inc..
• 4/24/2026 – Hut 8 had its price target raised by BTIG Research from $55.00 to $90.00. They now have a “buy” rating on the stock.
• 4/21/2026 – Hut 8 had its price target raised by Piper Sandler from $74.00 to $93.00. They now have an “overweight” rating on the stock.
• 4/9/2026 – Hut 8 had its price target raised by Cantor Fitzgerald from $68.00 to $80.00. They now have an “overweight” rating on the stock.
• 3/23/2026 – Hut 8 is now covered by Arete Research. They set a “buy” rating and a $136.00 price target on the stock.

Insider Transactions at Hut 8

In other Hut 8 news, CFO Sean Joseph Glennan sold 4,625 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $49.05, for a total value of $226,856.25. Following the completion of the transaction, the chief financial officer directly owned 12,068 shares of the company’s stock, valued at approximately $591,935.40. This trade represents a 27.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Victor Semah sold 10,518 shares of Hut 8 stock in a transaction on Monday, May 4th. The stock was sold at an average price of $76.83, for a total value of $808,097.94. Following the transaction, the insider directly owned 41,378 shares of the company’s stock, valued at $3,179,071.74. This trade represents a 20.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders sold a total of 20,641 shares of company stock valued at $1,304,631 in the last quarter. Insiders own 10.40% of the company’s stock.

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.