Hut 8 (HUT) – Investment Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Hut 8 (NASDAQ: HUT) in the last few weeks:

• 8/3/2026 – Hut 8 had its price target raised by B. Riley Financial, Inc. from $130.00 to $163.00. They now have a “buy” rating on the stock.
• 8/1/2026 – Hut 8 was downgraded by Wall Street Zen from “sell” to “strong sell”.
• 7/28/2026 – Hut 8 had its price target raised by Keefe, Bruyette & Woods from $138.00 to $157.00. They now have an “outperform” rating on the stock.
• 7/23/2026 – Hut 8 is now covered by Morgan Stanley. They set an “overweight” rating and a $263.00 price target on the stock.
• 7/22/2026 – Hut 8 was given a new $195.00 price target by Compass Point.
• 7/22/2026 – Hut 8 had its price target raised by Benchmark Co. from $165.00 to $195.00. They now have a “buy” rating on the stock.
• 7/21/2026 – Hut 8 had its “buy” rating reaffirmed by Rosenblatt Securities. They now have a $124.00 price target on the stock.
• 7/20/2026 – Hut 8 had its price target raised by Needham & Company LLC from $128.00 to $145.00. They now have a “buy” rating on the stock.
• 7/14/2026 – Hut 8 had its price target raised by Benchmark Co. from $85.00 to $165.00. They now have a “buy” rating on the stock.
• 6/24/2026 – Hut 8 had its price target raised by BTIG Research from $115.00 to $150.00. They now have a “buy” rating on the stock.
• 6/22/2026 – Hut 8 was given a new $226.00 price target by Loop Capital.
• 6/11/2026 – Hut 8 had its “buy” rating reaffirmed by Rosenblatt Securities. They now have a $124.00 price target on the stock.

Insider Transactions at Hut 8

In related news, Director Rick Rickertsen sold 17,491 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $110.00, for a total value of $1,924,010.00. Following the sale, the director owned 17,491 shares in the company, valued at $1,924,010. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amy Marie Wilkinson sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $100.78, for a total transaction of $2,015,600.00. Following the completion of the transaction, the director owned 262,136 shares in the company, valued at approximately $26,418,066.08. This trade represents a 7.09% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 102,206 shares of company stock worth $11,376,242. 10.40% of the stock is owned by insiders.

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.