Solana (NASDAQ:HSDT) Stock Price Target Lowered at B. Riley Financial

Key Points

• B. Riley cut its price target on HSDT from $4 to $3 but maintained a Buy rating; the new target implies 70.94% upside from the cited share price.
• Analyst views are mixed: two rate the stock Buy, one Hold and one Sell, resulting in a consensus Hold rating and a $3.50 average target.
• The company’s reported profit is highly exposed to SOL price swings: a $102.7 million unrealized digital-asset gain made up most of its $105.2 million quarterly profit, while it remained loss-making over the first nine months of 2026.

Solana (NASDAQ:HSDT - Get Free Report) had its price target decreased by analysts at B. Riley Financial from $4.00 to $3.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a "buy" rating on the stock. B. Riley Financial's price objective points to a potential upside of 70.94% from the company's current price.

A number of other analysts also recently commented on the company. Wall Street Zen downgraded Solana from a "hold" rating to a "sell" rating in a research report on Saturday, August 15th. Weiss Ratings reissued a "sell (e+)" rating on shares of Solana in a report on Thursday, October 15th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $3.50.

Solana Price Performance

Shares of HSDT stock traded down $0.10 during midday trading on Thursday, reaching $1.75. 306,191 shares of the company traded hands, compared to its average volume of 399,966. The firm's 50 day simple moving average is $2.37 and its two-hundred day simple moving average is $2.06. The firm has a market cap of $106.59 million, a PE ratio of -0.06 and a beta of 1.10. Solana has a 1-year low of $1.19 and a 1-year high of $5.11.

Solana (NASDAQ:HSDT - Get Free Report) last released its quarterly earnings results on Thursday, November 12th. The company reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $1.18. Solana had a negative return on equity of 41.86% and a negative net margin of 1,302.78%. The business had revenue of $3.36 million for the quarter, compared to analysts' expectations of $2.85 million. As a group, research analysts anticipate that Solana will post -0.25 earnings per share for the current fiscal year.

Institutional Trading of Solana

An institutional investor recently bought a new stake in Solana stock. Saba Capital Management L.P. acquired a new position in shares of Solana Company (NASDAQ:HSDT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 65,210 shares of the company's stock, valued at approximately $113,000. Saba Capital Management L.P. owned approximately 0.12% of Solana at the end of the most recent reporting period. Institutional investors and hedge funds own 18.63% of the company's stock.

Key Stories Impacting Solana

Here are a few of the latest stories about HSDT:

• Positive Sentiment: The company held about 2.4 million SOL, valued at $288.2 million at quarter-end, and reported a 5.9% average net staking yield versus the network’s approximately 4.9%. Its Pacific Backbone infrastructure was operating, with about 1.3 million SOL delegated, including third-party stake. Q3 business and treasury update
• Positive Sentiment: HSDT said it repurchased about $2.8 million of shares during the quarter and raised approximately $15 million in a direct offering priced at a 5% premium to net asset value per share, using proceeds to acquire roughly 125,000 SOL. Q3 business and treasury update
• Negative Sentiment: The $105.2 million profit included a $102.7 million unrealized gain on digital assets, so earnings are sensitive to SOL price movements and do not represent recurring operating profitability. The company remained loss-making for the first nine months of 2026. Company Q3 results

About Solana

Solana is a digital asset company focused on building a treasury centered on Solana's native cryptocurrency, SOL. Its activities include acquiring and holding SOL and developing strategies intended to provide investors with exposure to the Solana blockchain ecosystem through a publicly traded company. The company is associated with the Solana network, a blockchain platform designed to support decentralized applications, digital assets and smart contracts. Its business may also include participating in the broader Solana ecosystem and pursuing opportunities related to blockchain infrastructure and digital asset growth.

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