Hut 8 Stock Rises 12% Amid Analyst's 157% Upside Potential Forecast
ByAinvest
Tuesday, Mar 24, 2026 10:26 am ET1min read
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Hut 8 (HUT) shares rose 11.55% to $52.94, driven by Arete Research's Buy recommendation and $136 price target, representing 157% potential upside. The optimistic outlook is anchored by the River Bend AI data center project and a 15-year agreement with Google valued at up to $17.7 billion. Benchmark maintained its Buy stance with an $85 target, emphasizing HUT's operational priorities for 2026. Bitcoin market volatility remains a concern, with Cantor Fitzgerald reducing its price target to $68 amid lower crypto and energy prices.
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