Craig-Hallum analyst George Sutton maintained a Buy rating on Hut 8 today. The company’s shares opened today at C$52.94.
According to TipRanks, Sutton is a 5-star analyst with an average return of 22.9% and a 56.06% success rate. Sutton covers the Technology sector, focusing on stocks such as Applied Digital Corporation, DeFi Development Corporation, and WhiteFiber, Inc..
Hut 8 has an analyst consensus of Strong Buy, with a price target consensus of C$43.09, implying a -18.61% downside from current levels. In a report released on September 15, Roth MKM also maintained a Buy rating on the stock with a $60.00 price target.
HUT market cap is currently C$5.52B and has a P/E ratio of 27.41.
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