This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Craig-Hallum Remains a Buy on Hut 8 (HUT)

Tipranks - Tipranks - Sun Jun 7, 8:28PM CDT

In a report released on June 5, George Sutton from Craig-Hallum maintained a Buy rating on Hut 8. The company’s shares closed last Friday at C$156.37.

Claim 55% Off TipRanks

According to TipRanks, Sutton is a 5-star analyst with an average return of 31.2% and a 53.97% success rate. Sutton covers the Technology sector, focusing on stocks such as Applied Digital Corporation, AudioEye, and WhiteFiber, Inc..

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Hut 8 with a $123.94 average price target, a -20.74% downside from current levels. In a report released on June 1, KBW also reiterated a Buy rating on the stock with a $138.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Based on Hut 8’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$69.85 million and a GAAP net loss of C$216.25 million. In comparison, last year the company had a GAAP net loss of C$133.89 million

Read More on TSE:HUT:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2026.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).