HIVE Pushes Hash Rate Higher, Sharpens Focus On AI
Portfolio Pulse from Priya Nigam
HIVE Digital Technologies Ltd (NASDAQ:HIVE) is focusing on increasing its hash rate and AI initiatives. Analyst Brett Knoblauch from Cantor Fitzgerald initiated coverage with an Overweight rating and a $9 price target, highlighting HIVE's strategic growth and efficiency in mining.
October 29, 2024 | 3:40 pm
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HIVE Digital Technologies is expected to double its hash rate and focus on AI, with an Overweight rating and $9 price target from Cantor Fitzgerald.
The analyst's Overweight rating and $9 price target suggest a positive outlook for HIVE. The company's focus on doubling its hash rate and AI initiatives could drive growth, making the stock attractive to investors.
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