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Keefe Bruyette Lowers Hive Digital (HIVE) Price Target to $4.50, Maintains "Market Perform" Rating
Hours before Hive Digital Technologies (Nasdaq: HIVE) released its latest financial report, Wall Street investment bank Keefe Bruyette lowered its price target from $5.00 to $4.50, assigning a "Market Perform" (equivalent to Hold) rating. The bank expressed optimism regarding the demand for high-performance computing and AI data centers but cautioned about funding risks and AI tenant model risks. Previously, Hive Digital had delayed filing its 10-Q quarterly report with the U.S. Securities and Exchange Commission (SEC).
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