H.C. Wainwright has revised its price target for Hive Digital (HIVE, Financial), lowering it to $6 from the previous $9, while maintaining a Buy rating on the stock. This adjustment follows an increase in Hive's share count. The company recently disclosed its fiscal fourth-quarter results, which were described as "mixed," and also shared updates on their plans to expand bitcoin mining operations. Despite the target cut, the firm highlights a persisting disparity between Hive's share price and its underlying business fundamentals.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for HIVE Digital Technologies Ltd (HIVE, Financial) is $7.64 with a high estimate of $11.00 and a low estimate of $4.00. The average target implies an upside of 339.24% from the current price of $1.74. More detailed estimate data can be found on the HIVE Digital Technologies Ltd (HIVE) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, HIVE Digital Technologies Ltd's (HIVE, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for HIVE Digital Technologies Ltd (HIVE, Financial) in one year is $2.55, suggesting a upside of 46.55% from the current price of $1.74. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the HIVE Digital Technologies Ltd (HIVE) Summary page.
