
HIVE Stock Forecast & Price Target
HIVE Analyst Ratings
Bulls say
HIVE Digital Technologies Ltd has revised its fiscal year 2027 revenue and Adjusted EBITDA estimates upward to $504 million and $189 million, respectively, primarily due to improved gross margin assumptions reflecting a successful mining operation. The acquisition of Bitfarms' 200 MW site in Paraguay has significantly enhanced profitability, contributing to reduced cost per coin and escalating gross profits, alongside favorable gross margins of 49%. Furthermore, the company's aggressive expansion plans, including an additional 100 MW development, position HIVE for continued growth and margin improvement in the blockchain infrastructure sector.
Bears say
HIVE Digital Technologies Ltd faces multiple challenges that contribute to a negative outlook on its stock, including declining mining profitability due to sharp drops in digital currency prices and increased competition affecting margins. Regulatory uncertainties and potential restrictions on cryptocurrency use threaten demand and could further impact revenue generation from mining activities. Additionally, the latest financial results indicated an adjusted EBITDA of $34.6M, which fell short of expectations, leading to a downward revision of future EBITDA estimates and overall profitability concerns.
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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