H.C. Wainwright lowered the firm’s price target on Hive Digital (HIVE) to $6 from $9 and keeps a Buy rating on the shares. The firm cites the recent growth in Hive’s share count for the target cut. The company reported “mixed” fiscal Q4 results and provided key updates on its bitcoin mining expansion plans, the analyst tells investors in a research note. H.C. Wainwright still sees a “disconnect” between the shares and the company’s fundamentals.
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