Shares of HIVE Digital Technologies Ltd (HIVE.O) fell 1.74% to $3.50, marking a 20-day low as investors reacted to the company's wider-than-expected loss of 7 cents per share in its Q2 fiscal 2026 report. Despite a remarkable 285% year-over-year revenue surge to $87.3 million, driven largely by digital currency mining, operational challenges, including a significant increase in administrative expenses, weighed heavily on market sentiment. Analysts maintain a Buy rating with a price target of $10, citing HIVE's strategic expansion into AI cloud services and robust Bitcoin production, which increased to 719 BTC in the quarter. However, the stock's current performance raises questions about its valuation amidst ongoing market volatility and operational hurdles.
Wall Street analysts forecast HIVE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HIVE is 8.17 USD with a low forecast of 6.50 USD and a high forecast of 10.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
Wall Street analysts forecast HIVE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HIVE is 8.17 USD with a low forecast of 6.50 USD and a high forecast of 10.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 3.040
Low
6.50
Averages
8.17
High
10.00
Current: 3.040
Low
6.50
Averages
8.17
High
10.00
Keefe Bruyette
Stephen Glagola
Outperform -> Market Perform
downgrade
$11
2026-01-26
New
Reason
Keefe Bruyette
Stephen Glagola
Price Target
$11
AI Analysis
2026-01-26
New
downgrade
Outperform -> Market Perform
Reason
Keefe Bruyette analyst Stephen Glagola downgraded Hive Digital to Market Perform from Outperform with a price target of $3.50, down from $11. The firm is concerned that Hive is scaling bitcoin mining without generating sufficient operating returns. The company's upside potential is dependent on a stronger hash price environment, but Keefe's outlook remains conservative, the analyst tells investors in a research note. Keefe believes Hive Digital has "no durable edge" in AI cloud.
Keefe Bruyette
Outperform -> Market Perform
downgrade
$11
2026-01-26
New
Reason
Keefe Bruyette
Price Target
$11
2026-01-26
New
downgrade
Outperform -> Market Perform
Reason
Keefe Bruyette downgraded Hive Digital to Market Perform from Outperform with a price target of $3.50, down from $11.
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Rosenblatt
Rosenblatt
Buy
downgrade
$10
2025-12-19
Reason
Rosenblatt
Rosenblatt
Price Target
$10
2025-12-19
downgrade
Buy
Reason
Rosenblatt lowered the firm's price target on Hive Digital to $6.50 from $10 and keeps a Buy rating on the shares. Stubbornly high network competition has been an issue for Bitcoin miners throughout 2025 and the situation has "gone from bad to worse" with the sharp drop in BTC, the analyst tells investors. Although pure play miners will remain under pressure, the impact is limited for high-performance computing plays given "entirely uncorrelated and considerably more profitable HPC hosting opportunities," the analyst added.
B. Riley
Nick Giles
Buy
downgrade
$8 -> $7
2025-11-21
Reason
B. Riley
Nick Giles
Price Target
$8 -> $7
2025-11-21
downgrade
Buy
Reason
B. Riley analyst Nick Giles lowered the firm's price target on Hive Digital to $7 from $8 and keeps a Buy rating on the shares. Hive Digital posted stronger-than-expected Q3 EBITDA, helped by lower power costs, while making significant progress in BTC mining capacity, AI cloud build-out, and colocation readiness, the analyst tells investors in a research note. With meaningful annual recurring revenue potential by 2027 and HPC assets trading at a steep discount to peers, the setup looks compelling, supported by upcoming catalysts such as GPU deployment and colocation developments, the firm says.
About HIVE
HIVE Digital Technologies Ltd. is a technology company advancing sustainable blockchain and artificial intelligence (AI) infrastructure powered by green energy. The Company is engaged in digital asset mining and AI computing. Its operations are focused on the mining of digital currencies to upgrade, expand and scale up its data center operations. It holds Bitcoin and monetizes other cryptocurrencies that it derives from its mining operations. It is engaged in building a bridge between the Bitcoin blockchain sector and traditional capital markets. Its cryptocurrency assets provide shareholders with exposure to the operating margins of digital currency mining as well as a portfolio of Bitcoin. It develops and expands its high-performance computing business, which implements the Company’s fleet of graphic processing units (GPUs) in enterprise-grade CPU servers, operating in tier three data centers. It operates green energy-powered data center facilities in Canada, Sweden, and Paraguay.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
