Hut 8 (HUT) – Research Analysts’ Recent Ratings Changes

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

• 5/14/2026 – Hut 8 is now covered by Jefferies Financial Group Inc.. They set a “buy” rating and a $156.00 price target on the stock.
• 5/14/2026 – Hut 8 is now covered by Jefferies Financial Group Inc.. They set a “buy” rating and a $156.00 price target on the stock.
• 5/13/2026 – Hut 8 was given a new $130.00 price target by Compass Point.
• 5/13/2026 – Hut 8 had its price target raised by B. Riley Financial, Inc. from $76.00 to $130.00. They now have a “buy” rating on the stock.
• 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.

Insider Activity

In other news, insider Victor Semah sold 10,518 shares of the firm’s stock in a transaction 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 directly owned 41,378 shares in the company, valued at $3,179,071.74. This trade represents a 20.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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. Also, Director Amy Marie Wilkinson sold 20,000 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $100.78, for a total transaction of $2,015,600.00. Following the sale, the director owned 262,136 shares in the company, valued at $26,418,066.08. The trade was a 7.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 74,628 shares of company stock valued at $6,976,321 over the last 90 days. Company 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.