---
title: "Northland Securities Sticks to Their Buy Rating for Hut 8 (HUT)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294997054.md"
description: "Northland Securities analyst Michael Grondahl maintained a Buy rating on Hut 8 (HUT) with a $120 price target. KBW also issued a Buy rating with a $154 target. Grondahl is recognized as a 5-star analyst with strong historical performance."
datetime: "2026-08-05T17:25:27.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294997054.md)
  - [en](https://longbridge.com/en/news/294997054.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294997054.md)
generator: "portal-rs"
---

# Northland Securities Sticks to Their Buy Rating for Hut 8 (HUT)

In a report released today, Michael Grondahl from Northland Securities maintained a Buy rating on Hut 8, with a price target of $120.00.

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According to TipRanks, Grondahl is a 5-star analyst with an average return of 24.0% and a 51.74% success rate. Grondahl covers the Financial sector, focusing on stocks such as Hut 8, Encore Capital, and Abacus Global Management.

In a report released today, KBW also maintained a Buy rating on the stock with a $154.00 price target.

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## Related News & Research

- [Coatue Management Bought 9.72 Million Shares of Hut 8 in Q2. How to Play HUT Stock Now.](https://longbridge.com/en/news/296644232.md)
- [Hut 8 Corp Stock (HUT) Moved Up by 7.04% on Aug 25: A Full Analysis](https://longbridge.com/en/news/296948971.md)
- [13:17 ETPomerantz LLP Announces Proposed Class Action Settlement on Behalf of Purchasers of Securities of Hut 8 Corp. - HUT](https://longbridge.com/en/news/296641280.md)
- [Nicholas Investment Partners LP Makes New Investment in Hut 8 Corp. $HUT](https://longbridge.com/en/news/296899100.md)
- [Hut 8 Chief Financial Officer Sold Shares Worth Over $507K](https://longbridge.com/en/news/296963727.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**