12 Month Price Forecast For BTBT
Distance to BTBT Price Forecasts
BTBT Price Momentum
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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Data last updated: January 23, 2025 3:53 AM UTC
BTBT Analyst Ratings & Price Targets
Based on our analysis of 5 Wall Street analysts, BTBT has a consensus that is bullish. The median price target is $6.00, with forecasts ranging from $6.00 to $7.00. Currently, there are 4 Buy ratings, 0 Hold ratings, and 0 Sell ratings.
With BTBT currently trading at $3.71, the median price forecast suggests a 61.7% upside. The most optimistic forecast comes from Kevin Dede at HC Wainwright & Co., projecting a 88.7% upside, while George Sutton at Craig-Hallum provides the most conservative target, suggesting a 61.7% upside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
BTBT Analyst Consensus
BTBT Price Target Range
Latest BTBT Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for BTBT.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Jan 21, 2025 | Craig-Hallum | George Sutton | Buy | Initiates | $6.00 |
| Nov 19, 2024 | HC Wainwright & Co. | Kevin Dede | Buy | Reiterates | $7.00 |
| Oct 24, 2024 | B. Riley Securities | Nick Giles | Buy | Initiates | $6.00 |
| Oct 16, 2024 | HC Wainwright & Co. | Kevin Dede | Buy | Maintains | $7.00 |
| Aug 21, 2024 | HC Wainwright & Co. | Kevin Dede | Buy | Reiterates | $6.00 |
| Jul 12, 2024 | HC Wainwright & Co. | Kevin Dede | Buy | Reiterates | $6.00 |
| Jul 1, 2024 | HC Wainwright & Co. | Kevin Dede | Buy | Maintains | $6.00 |
| May 17, 2024 | HC Wainwright & Co. | Kevin Dede | Buy | Reiterates | $5.00 |
| Mar 20, 2024 | HC Wainwright & Co. | Kevin Dede | Buy | Reiterates | $5.00 |
| Feb 13, 2024 | Northland Capital Markets | Mike Grondahl | Outperform | Initiates | $6.00 |
| Dec 4, 2023 | HC Wainwright & Co. | Kevin Dede | Buy | Maintains | $5.00 |
| Aug 17, 2023 | HC Wainwright & Co. | Kevin Dede | Buy | Reiterates | $4.00 |
| Jun 14, 2023 | HC Wainwright & Co. | Kevin Dede | Buy | Maintains | $4.00 |
| May 3, 2023 | HC Wainwright & Co. | Kevin Dede | Buy | Maintains | $3.00 |
| Dec 9, 2022 | HC Wainwright & Co. | Kevin Dede | Buy | Maintains | $2.00 |
| Jun 6, 2022 | HC Wainwright & Co. | Kevin Dede | Buy | Maintains | $4.00 |
| Sep 23, 2021 | HC Wainwright & Co. | Buy | Initiates | $0.00 |
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Bit Digital, Inc. (BTBT) Financial Data
Bit Digital, Inc. has a market capitalization of $567.98M with a P/E ratio of 26.3x. The company generates $86.85M in trailing twelve-month revenue with a 33.3% profit margin.
Revenue growth is +220.3% quarter-over-quarter, while maintaining an operating margin of -0.1% and return on equity of +14.9%.
Valuation Metrics
Growth & Margins
Financial Health
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Bit Digital, Inc. (BTBT) Company Overview
About Bit Digital, Inc.
Engages in bitcoin and digital asset mining.
The company generates revenue primarily through bitcoin mining and treasury management activities, alongside digital asset staking and mining. Additionally, it offers specialized cloud infrastructure services tailored for artificial intelligence applications, diversifying its income streams.
Founded in 2015 and based in New York, Bit Digital was previously known as Golden Bull Limited. The company rebranded in September 2020 to reflect its focus on digital assets and mining.
Company Information
Sector
Financial Services
Industry
Capital Markets
Employees
24
CEO
Country
United States
IPO Year
2018
Website
www.bit-digital.comBit Digital, Inc. (BTBT) Latest News & Analysis
Bit Digital, Inc. (BTBT) closed at $3.70, representing a 0.54% increase from the prior trading day.
Bit Digital's slight price increase signals potential investor confidence and market interest, which could influence trading volume and future price movements.
Bit Digital achieves strong GPU cloud revenue, expands data center footprint in December
15 days agoBit Digital Inc (NASDAQ:BTBT) reported strong December 2024 results with increased GPU Cloud revenue and 266 servers (2,128 GPUs) generating income from AI contracts.
Bit Digital's strong December 2024 results and expansion of its HPC data center indicate growth potential and revenue stability, enhancing its attractiveness in the competitive tech landscape.
Bit Digital, Inc. reported that as of December 31, 2024, it had 266 servers and 2,128 GPUs generating revenue from its AI contracts. Financial details for December 2024 were also provided.
Bit Digital's revenue from HPC services and digital asset production reflects its operational performance, impacting its valuation and attractiveness to investors in the tech and cryptocurrency sectors.
Bit Digital Inc (NASDAQ:BTBT) has transitioned to domestic issuer status under US regulations, enhancing its regulatory compliance and commitment to shareholder trust.
Bit Digital's transition to domestic issuer status enhances regulatory compliance and boosts investor confidence, potentially leading to increased investment and stock performance.
Bit Digital, Inc. Completes Transition from Foreign Private Issuer Status to Domestic Filer Status
17 days agoBit Digital, Inc. (Nasdaq: BTBT) has transitioned to domestic issuer status under U.S. securities regulations as of January 1, 2025, enhancing transparency and compliance.
Bit Digital's transition to domestic issuer status enhances transparency and aligns with U.S. regulations, potentially boosting investor confidence and attracting more institutional interest.
Bit Digital Inc (NASDAQ:BTBT) received an 'Outperform' rating from Noble Capital Markets after signing a two-year MSA for 576 Nvidia H200 GPUs, potentially generating $20.2 million in revenue.
Bit Digital's repeat 'Outperform' rating and the $20.2 million revenue opportunity from the MSA signal strong growth potential, positively influencing investor sentiment and stock performance.
Frequently Asked Questions About BTBT Stock
What is Bit Digital, Inc.'s (BTBT) stock forecast for 2025?
Based on our analysis of 5 Wall Street analysts, Bit Digital, Inc. (BTBT) has a median price target of $6.00. The highest price target is $7.00 and the lowest is $6.00.
Is BTBT stock a good investment in 2025?
According to current analyst ratings, BTBT has 4 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $3.71. Always conduct your own research and consider your investment goals before making investment decisions.
What is the price prediction for BTBT stock?
Wall Street analysts predict BTBT stock could reach $6.00 in the next 12 months. This represents a 61.7% increase from the current price of $3.71. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Bit Digital, Inc.'s business model?
The company generates revenue primarily through bitcoin mining and treasury management activities, alongside digital asset staking and mining. Additionally, it offers specialized cloud infrastructure services tailored for artificial intelligence applications, diversifying its income streams.
What is the highest forecasted price for BTBT Bit Digital, Inc.?
The highest price target for BTBT is $7.00 from Kevin Dede at HC Wainwright & Co., which represents a 88.7% increase from the current price of $3.71.
What is the lowest forecasted price for BTBT Bit Digital, Inc.?
The lowest price target for BTBT is $6.00 from George Sutton at Craig-Hallum, which represents a 61.7% increase from the current price of $3.71.
What is the overall BTBT consensus from analysts for Bit Digital, Inc.?
The overall analyst consensus for BTBT is bullish. Out of 5 Wall Street analysts, 4 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $6.00.
How accurate are BTBT stock price projections?
Stock price projections, including those for Bit Digital, Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
