Hive Digital shares at ‘attractive entry point,’ says Keefe Bruyette

Keefe Bruyette says Hive Digital’s (HIVE) fiscal Q3 report “was a sign of progress” following the company’s ongoing fleet upgrade program. The market is not yet fully appreciating Hive’s expansion efforts as the stock continues to trade at a significant discount to the peer group average, the analyst tells investors in a research note. Keefe sees an “attractive entry point” and maintains an Outperform rating on the shares with an $11 price target