Hut 8 Corp. (NASDAQ:HUT) is one of the 7 most oversold data center stocks to invest in.
Hut 8 Corp. (NASDAQ:HUT) remains a “Buy” by all covering analysts as of April 1, 2026. Meanwhile, the $70 consensus price target translates into over 45% upside potential.
Arete began coverage on March 23, 2026, with a CA$186.6 price target and a “Buy” rating. The analyst emphasized Hut 8 Corp. (NASDAQ:HUT)’s 15-year River Bend lease, which guarantees steady revenue and is fully supported by Google’s rent payments. The majority of operational expenses are passed through, resulting in extremely high margins and an average annual operating income of $454 million while maintaining a low cost of debt for its data center.
Following a conversation with CFO Sean Glennan, Benchmark reaffirmed its $85 price target and “Buy” rating on March 24. According to Glennan, Hut 8 Corp. (NASDAQ:HUT) would focus on completing the River Bend AI data center, converting pipeline capacity into contracts, and securing power in 2026.
Glennan also emphasized that Hut 8 Corp. (NASDAQ:HUT) intends to differentiate itself by completing projects quickly and effectively, in contrast to many rivals who are often perceived as comparable, positioning it as a more dependable player in large-scale AI and computational infrastructure.
Hut 8 Corp. (NASDAQ:HUT), together with its subsidiaries, operates as an energy infrastructure platform that integrates power, digital infrastructure, and compute at scale to fuel energy-intensive use cases in the US and Canada. It operates through Power, Digital Infrastructure, Compute, and Other segments.
While we acknowledge the potential of HUT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years. Disclosure: None. Follow Insider Monkey on Google News.
