Analysts Conflicted on These Technology Names: HIVE Blockchain Technologies (HIVE), Ryvyl (RVYL) and Arqit Quantum (ARQQ)

Analysts have been eager to weigh in on the Technology sector with new ratings on HIVE Blockchain Technologies (HIVE – Research Report), Ryvyl (RVYL – Research Report) and Arqit Quantum (ARQQ – Research Report).

HIVE Blockchain Technologies (HIVE)

H.C. Wainwright analyst Mike Colonnese reiterated a Buy rating on HIVE Blockchain Technologies today and set a price target of $5.00. The company’s shares closed last Tuesday at $3.05, close to its 52-week low of $1.36.

According to TipRanks.com, Colonnese is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -24.6% and a 25.0% success rate. Colonnese covers the Technology sector, focusing on stocks such as Cipher Mining, Iris Energy, and Cleanspark.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for HIVE Blockchain Technologies with a $4.50 average price target.

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Ryvyl (RVYL)

Ryvyl received a Hold rating from H.C. Wainwright analyst Kevin Dede today. The company’s shares closed last Tuesday at $0.49, close to its 52-week low of $0.40.

According to TipRanks.com, Dede is ranked 0 out of 5 stars with an average return of -3.6% and a 33.4% success rate. Dede covers the Technology sector, focusing on stocks such as HIVE Blockchain Technologies, Stronghold Digital Mining, and Marathon Digital Holdings.

The word on The Street in general, suggests a Hold analyst consensus rating for Ryvyl.

Arqit Quantum (ARQQ)

In a report released today, Scott Buck from H.C. Wainwright reiterated a Buy rating on Arqit Quantum, with a price target of $10.00. The company’s shares closed last Tuesday at $1.40.

According to TipRanks.com, Buck is ranked 0 out of 5 stars with an average return of -7.3% and a 35.6% success rate. Buck covers the Technology sector, focusing on stocks such as Intellicheck Mobilisia, Lightpath Technologies, and NexTech AR Solutions.

Arqit Quantum has an analyst consensus of Moderate Buy, with a price target consensus of $6.75.

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Read More on HIVE:

• Hive Blockchain announces late filing of interim 2022 financial statements
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• Hive Blockchain announces delay to filing interim results
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• Hive Blockchain assumed with a Buy at H.C. Wainwright