
HIVE Stock Forecast & Price Target
HIVE Analyst Ratings
Bulls say
HIVE Digital Technologies Ltd has revised its FY27 revenue and Adjusted EBITDA estimates upward to $504 million and $189 million, respectively, driven primarily by increased gross margin assumptions. The company's mining operations demonstrated a strong performance, with mining revenue surpassing estimates and a reduction in the cost per coin, leading to a substantial increase in gross profits and margins. Additionally, HIVE's strategic acquisition of Bitfarms' development in Paraguay is enhancing profitability and positioning the company favorably for continued growth, particularly with plans for further expansion in its infrastructure and AI cloud business.
Bears say
HIVE Digital Technologies faces a negative outlook primarily due to a sharp decline in mining profitability, which impacts liquidity and hampers expansion plans. Additionally, increased regulatory scrutiny on cryptocurrencies poses a threat to demand and potential revenue, further exacerbating profitability challenges in an already competitive landscape marked by fluctuating digital currency prices. Furthermore, the company's adjusted EBITDA of $34.6 million fell short of estimates at $43.4 million, prompting a reduction in future earnings expectations and highlighting ongoing financial strain.
This aggregate rating is based on analysts' research of Hive Blockchain Technologies Ltd and is not a guaranteed prediction by Public.com or investment advice.
HIVE Analyst Forecast & Price Prediction
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