Jones Trading starts HIVE stock coverage at USD 6.00 target

Published on 10/07/2026 at 06:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit USD 79.12 million in fiscal first quarter 2027, up 73.00 percent year over year. HIVE stock had a EUR 2.58 prior close on October 5, 2026.

HIVE, CA4339211035, Illustration mit AI erstellt.

HIVE Digital Technologies (ISIN CA4339211035) drew a USD 6.00 price target when Jones Trading initiated coverage, as Investing.com reported on September 28, 2026. The call places HIVE's power pipeline and shift toward artificial intelligence infrastructure at the center of the investment case.

Jones Trading backs the AI pivot

Jones Trading initiated coverage with a Buy rating and a USD 6.00 target, citing HIVE's experience in artificial intelligence and high-performance computing, according to Investing.com. The report also identified the GTA gigafactory initiative and the company's power pipeline as key parts of the thesis.

The analyst case sits beside a clear earnings risk. HIVE's fiscal first-quarter 2027 adjusted EBITDA was USD 13.40 million, while GAAP net loss reached USD 142.90 million, according to the same September 28 report.

Revenue grows but misses consensus

Revenue reached USD 79.12 million in fiscal first quarter 2027, up 73.00 percent from the comparable period, but it was below the USD 81.72 million consensus estimate, MarketBeat reported on September 16, 2026. The fiscal-quarter loss of USD 0.54 per share also exceeded the USD 0.21 consensus loss, showing that revenue growth has not yet translated into earnings stability.

HIVE is expanding beyond Bitcoin mining into cloud computing and high-performance computing. An earlier company release said combined mining and GPU-cloud operations exceeded USD 1.00 million in average daily revenue after August 21, 2026, while the figure was based on preliminary, unaudited management estimates, according to EQS News on September 10, 2026.

Prior close sets the German reference

For German-market investors, the Lang & Schwarz prior close was EUR 2.58 on October 5, 2026. The quotation keeps the market discussion centered on whether HIVE can convert rising infrastructure demand into recurring revenue while controlling its substantial GAAP losses.

The further course of trading is shown by the continuously updated real-time quote of HIVE stock.