Canaccord Genuity Maintains Buy on HIVE Digital Technologies, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Joseph Vafi has maintained a Buy rating on HIVE Digital Technologies (NASDAQ:HIVE) but has reduced the price target from $7 to $6.
November 15, 2023 | 9:08 am
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Canaccord Genuity analyst Joseph Vafi maintains a Buy rating on HIVE Digital Technologies but lowers the price target from $7 to $6.
While the Buy rating reaffirms confidence in HIVE Digital Technologies' prospects, the reduction in the price target could suggest a more conservative outlook on the company's future performance. This mixed signal might lead to a neutral short-term impact on the stock price as investors digest both the continued endorsement and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100