Canaccord analyst Joseph Vafi raised the firm's price target on Hut 8 to $70 from $62 and keeps a Buy rating on the shares. The firm said favorable lease terms on its recent River Bend co location deal are only accruing more value to the broader power infrastructure portfolio. At a macro level, demand for AI data center power continues to grow, based on increasingly favorable lease terms on recent deal announcements.

Northland

Outperform

maintain

$58 -> $70

2026-02-26

New

Reason

Northland

Price Target

$58 -> $70

2026-02-26

New

maintain

Outperform

Reason

Northland raised the firm's price target on Hut 8 (HUT) to $70 from $58 and keeps an Outperform rating on the shares, citing the firm's revised sum-of-the-parts valuation of 445 MW of HPC, ownership of American Bitcoin (ABTC), the company's Bitcoin treasury holdings and liqudity, and its development pipeline.

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HUT Should I Buy

HUT Should I Buy

Should You Buy Hut 8 Corp (HUT) Today? Analysis, Price Targets, and 2026 Outlook.

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