Trade Call: Add Hive for 2-3x Return Potential

2 months ago

Corey

"The number three growth stock to potentially add to your portfolio today is Hive. This is a very strong stock in my opinion now because the deleveraging on cryptocurrency and the fact that Bitcoin has fallen so much and crypto has like I said deleveraged and fallen down. Now is an opportunity to get in a lot cheaper than before and Hive actually bridges the gap between cryptocurrency and blockchain. This is something that is going to grow when Bitcoin and crypto grows. And considering that market deleveraged, came down, pulled back, and has fallen to a more neutral and more undervalued level, that means that Bitcoin is a better buy than it was a few months ago, which means Hive is a much better buy. And it has an analyst outlook and target price between $9 and $12 over the next year. And you're going to be able to get into Hive a lot cheaper than that. Right now, the current price of Hive is $4.70, which means you're looking at about a 2 to 3x return in the next year or two potentially."

Hive is identified as a strong growth stock opportunity bridging cryptocurrency and blockchain, currently undervalued at $4.70 with analyst targets of $9-$12 and the potential for 2-3x returns over the next 1-2 years.

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