Chardan Capital Initiates 'Buy' Rating on HIVE Digital Technologies with $7.50 Price Target
HIVE Digital Technologies received its first analyst rating from Chardan Capital, which initiated a 'Buy' recommendation and set a price target of $7.50 per share as of July 27, 2026. The company operates data centers across Canada, Sweden, and Paraguay using clean energy and combines Bitcoin mining with AI computing through its BUZZ HPC subsidiary. Chardan's rating adds to an already bullish analyst outlook for HIVE, which has seen multiple firms set price targets ranging from $4.50 to $10 per share. Recent revenue growth and a major contract win by the company’s AI division have contributed to this positive sentiment among analysts despite recent stock volatility. HIVE reported fiscal 2026 total revenue of $297.8 million, up sharply year-over-year, and secured a significant sovereign AI GPU contract in June. The firm is also expanding its infrastructure with new data center acquisitions.
Tickers: $HIVE
Topics: AI Computing Bitcoin Mining Clean Energy Data Centers HIVE Digital Technologies