UBS initiates Hut 8 with 'buy' rating, $143 PT
23/09/2026 15:40
BUZZ-UBS initiates Hut 8 with 'buy' rating, $143 PT ** Brokerage UBS initiates coverage of AI infrastructure provider Hut 8 HUT.O with "buy" rating and PT of $143, implying ~34% upside to the stock's last close
** We believe HUT offers the best combination of factors in our framework given its sizeable pipeline, track record of value creation and current leases with high quality tenants/support and strong protections - UBS
** Average rating of 19 brokerages covering HUT is "buy"; their median PT is $141.50 - data compiled by LSEG
** HUT shares down 2.8% at $103.62 in morning trading
** As of last close, stock has more than doubled so far this year
(Reporting by Jaspreet Singh in Bengaluru)
((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))
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