HIVE Digital: A High-Potential Investment Opportunity

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) stands out as a hot stock with significant upside potential. On October 22, B. Riley analyst Nick Giles raised HIVE Digital's price target to $8 and issued a 'Buy' rating on the shares. This positive outlook came alongside the firm's update on forecasts and valuations for high-performance computing-focused companies. Additionally, they raised price targets by an average of 78% and increased their 2026 forecasts by 5%.

The company's shares have experienced a sharp increase since mid-2025; however, there have been some fluctuations recently. This growth is driven by the demand for energy and data centers related to artificial intelligence. B. Riley believes that new agreements, such as the cloud partnership between Google and Anthropic, could provide additional upward momentum for the stock.

HIVE Digital Technologies Ltd. is a technology company that builds and operates data centers powered by green energy in Bermuda.

While we acknowledge HIVE's investment potential, we believe that some artificial intelligence stocks offer greater upside potential and carry less downside risk. If you are looking for an extremely undervalued artificial intelligence stock that will significantly benefit from Trump-era tariffs and local manufacturing trends, check out our report on the best short-term artificial intelligence stock.