VanEck Analyst Turns Bullish on HIVE Ahead of August 14 Earnings

BTC0.83%

According to VanEck, Bitcoin miner HIVE Digital Technologies (Nasdaq: HIVE) drew bullish commentary from analyst Matthew Sigel ahead of its fiscal Q1 2027 earnings on August 14. Sigel cited upside potential in HIVE's GPU cloud business and noted the company's expanding hash rate in mining while competitors scale back.

Northland Securities analyst Michael Grondahl reiterated a Buy rating on August 12 with a $6 price target, implying 130% upside. The stock was trading at $2.58 at the time. Other firms including Chardan Capital, Canaccord Genuity, and Cantor Fitzgerald have also maintained Buy ratings.

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