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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.
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
