BTIG Reiterates Buy Rating on Hut 8 Corp. with $150 Target
BTIG analyst Gregory Lewis maintains a buy rating on Hut 8 Corp. with a $150 price target, a 21.93% upside from the current price.
Key Points
- BTIG's Gregory Lewis reiterated a buy rating on Hut 8 Corp. (HUT) with a $150 price target on June 25, 2026.
- BTIG's $150 price target implies 21.93% upside from Hut 8 Corp.'s ($HUT) current $123.02 share price.
- Hut 8 Corp. trades on NasdaqGS with a forward P/E of -65.16 and a beta of 6.044.
- Insider transactions include sales by Chief Legal Officer Semah Victor and buys by Mayo Shattuck III in June 2026.
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BTIG analyst Gregory Lewis reiterated his buy rating on Hut 8 Corp. (NASDAQGS: HUT) on June 25, 2026, maintaining a price target of $150. This analysis comes as the company's shares traded near $116.10 on Thursday.
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Other Institutional Activity in Hut 8 Corp.
BlackRock, Inc. increased its holdings by 201,975 shares, bringing its total to 8,625,260 shares worth about $404.6 million. Lone Pine Capital LLC opened a new position with 6,078,951 shares valued at approximately $285.2 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC also initiated stakes with 4,824,572 and 4,442,077 shares, respectively, valued at $226.3 million and $208.4 million. SRS Investment Management, LLC added 215,108 shares, increasing its position by 7.5% to 3,084,905 shares valued at $144.7 million.
Hut 8 Corp. Stock Up 54.9%
Shares of Hut 8 Corp. (NASDAQGS: HUT) traded near $116.10 on Thursday. The company has a market cap of approximately $13.6 billion, a forward P/E ratio of -65.16, and a beta of 6.044. Its 52-week range shows a low of $15.26 and a high of $140.80. The stock's 50-day moving average is $98.39, while the 200-day moving average is $59.79. Hut 8 Corp. has a current ratio of 0.858 and a quick ratio of 0.662, with a debt-to-equity ratio of 25.022.
$HUT price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Hut 8 Corp. reported revenue of $284.32 million with a growth rate of 2.255%. The company posted a net margin of -109.77% and a return on equity of -27.396%. The next earnings report is scheduled for August 6, 2026.
Insider Buying and Selling at Hut 8 Corp.
On June 17, 2026, Chief Legal Officer Semah Victor sold 10,000 shares at an average price of $125. Earlier in June, Mayo Shattuck III purchased 4,773 shares, and Joseph Flinn made both sales and purchases, including selling 7,719 shares at $117.91 on June 12. Rick Rickertsen also had buying and selling activity on June 11, 2026.
Analysts Set New Price Targets
On June 25, 2026, BTIG maintained its buy rating on Hut 8 Corp. with a $150 price target. Earlier in June, Rosenblatt kept its buy rating with a $124 target. Jefferies initiated coverage with a buy rating and a $156 target in May. The consensus among analysts is a strong buy, with an average target price of $119 based on 16 opinions.
About Hut 8 Corp.
Hut 8 Corp., headquartered in Miami, FL, operates as an energy infrastructure platform that integrates power and digital infrastructure. It provides managed services for energy infrastructure development and operates compute infrastructure. The company is involved in Bitcoin mining and offers data center and cloud services, including colocation and AI cloud services. Founded in 2020, Hut 8 Corp. employs 248 people.
Bottom Line
BTIG's reiteration of a buy rating with a $150 target for Hut 8 Corp. highlights continued confidence in the company's prospects. Investors keep a close watch on such ratings, especially given the stock's volatility and forward P/E ratio. As always, remember that 13F filings are backward-looking and may not reflect current positions.
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