Canaccord keeps USD 10 target for HIVE Digital Technologies stock

Published on 10/24/2026 at 20:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 73.00 percent in fiscal first quarter 2027. HIVE stock stood at EUR 1.73 on October 24, 2026, down 3.35 percent versus Frankfurt close.

Analyst target and earnings

On October 19, 2026, Canaccord Genuity kept its USD 10.00 target and Buy rating for HIVE Digital Technologies.
Fiscal first-quarter 2027 revenue rose 73.00 percent year over year to USD 79.12 million.
HIVE stock stood at EUR 1.73 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST, 3.35 percent below the Frankfurt close of October 22, 2026.

HIVE, CA4339211035, Illustration mit AI erstellt.

HIVE Digital Technologies (CA4339211035) remains covered by Canaccord Genuity, which on October 19, 2026, reiterated its Buy rating and kept a USD 10.00 price target, according to Yahoo Finance. HIVE stock stood at EUR 1.73 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST, down 3.35 percent versus the Frankfurt close of October 22, 2026 at EUR 1.79.

Canaccord keeps the USD 10 view

Canaccord's target is materially above the latest Nasdaq quotation in the source report. The firm maintained its rating rather than raising the target, making the October 19 note a continuation of its existing stance. MarketBeat also reported the USD 10.00 target and identified Canaccord Genuity as the firm behind the reiterated Buy rating.

Revenue grew but losses stayed deep

HIVE's fiscal first-quarter 2027 revenue reached USD 79.12 million, up 73.00 percent from the prior-year quarter. Revenue nevertheless came in below the USD 81.72 million estimate, a shortfall of 3.18 percent, while diluted earnings per share were a loss of USD 0.54 against a consensus loss of USD 0.21, according to MarketBeat.

Nasdaq range stays wide

The Nasdaq-listed company had a USD 1.73 to USD 6.30 52-week range on October 23, 2026. Its market capitalization was USD 529.4 million on that date, while the latest quarter showed a net loss attributable to common shareholders of USD 142.91 million for the period ended June 30, 2026. HIVE operates data centers, mines digital currencies and is expanding high-performance computing capacity, according to MarketBeat.

What comes next for HIVE?

The immediate contrast is clear: fiscal first-quarter revenue expanded 73.00 percent year over year, but the reported loss remained large and the stock sits near the lower end of its Nasdaq range. The USD 10.00 Canaccord target therefore stands alongside a recent USD 0.54 quarterly loss per diluted share, rather than replacing the operating figures.

Stock price and investor view

HIVE Digital Technologies combines digital-asset mining with data-center and high-performance computing operations. The October 19 analyst reiteration supplies the clearest current valuation reference, while the October 24 euro quotation places the shares below the Frankfurt close used for the daily comparison.

HIVE Digital Technologies was trading at EUR 1.73 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST, 3.35 percent below the Frankfurt close of October 22, 2026 at EUR 1.79. The further course of trading is shown by the continuously updated real-time quote of HIVE Digital Technologies stock.