Cantor Fitzgerald has adjusted its price target for Hive Digital (HIVE, Financial), increasing it to $5.50 from the previous $5, and maintains an Overweight rating on the stock. During the recent quarter, Hive Digital managed to mine 299 Bitcoin, generating $28.1 million in revenue. Over the fiscal year, the company produced 1,412 Bitcoin, leading to a total mining revenue of $105.2 million. This marks a slight decline from the $111 million reported in mining revenue for the previous fiscal year. The firm still views the current valuation as a favorable investment opportunity, suggesting a balanced risk/reward scenario at current levels.
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 $7.07 with a high estimate of $11.00 and a low estimate of $4.00. The average target implies an upside of 295.05% from the current price of $1.79. 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 42.46% from the current price of $1.79. 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.
