HIVE Digital technologies shares are trading higher after B. Riley Securities initiated a Buy rating on the stock and announced a $6 price target. Also, the stock may be gaining amid a rise in the price of Bitcoin.
Portfolio Pulse from Benzinga Newsdesk
HIVE Digital Technologies shares are trading higher following a Buy rating from B. Riley Securities with a $6 price target. The stock is also benefiting from a rise in Bitcoin prices.
July 19, 2024 | 3:26 pm
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HIVE Digital Technologies shares are trading higher after B. Riley Securities initiated a Buy rating on the stock with a $6 price target. Additionally, the stock is benefiting from a rise in Bitcoin prices.
The Buy rating and $6 price target from B. Riley Securities provide a strong positive signal to investors, likely driving the stock price higher. Additionally, the rise in Bitcoin prices further supports the bullish sentiment around HIVE, as the company is closely tied to the cryptocurrency market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100