HIVE Revised target of C$1.80 (was C$4.50) https://www.cantechletter.com/2018/04/hive-blockchain-is-still-a-buy-says-pi-financial/
The analyst’s revised revenue estimates for HIVE are $13.1 million (all figures in US dollars unless otherwise noted) in FY18 (was $13.2 million), $56.6 million in FY19 (was $91.0 million), and $71.9 million in FY20 (was $111.6 million). His adjusted EBITDA estimates are $6.5 million in FY18 (was $6.4 million), $22.8 million in FY19 (was $55.1 million), and $28.8 million in FY20 (was $66.4 million).
The analyst’s reiterated “Buy” recommendation and “Speculative” risk rating come with a revised target of C$1.80 (was C$4.50), representing a 39.5 per cent return on investment as of publication date.