12 Month Price Forecast For BTDR
Distance to BTDR Price Forecasts
BTDR 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 3:54 AM UTC
BTDR Analyst Ratings & Price Targets
Based on our analysis of 11 Wall Street analysts, BTDR has a consensus that is bullish. The median price target is $24.00, with forecasts ranging from $18.00 to $39.00. Currently, there are 11 Buy ratings, 0 Hold ratings, and 0 Sell ratings.
With BTDR currently trading at $20.54, the median price forecast suggests a 16.8% upside. The most optimistic forecast comes from at , projecting a 89.9% upside, while Mike Colonnese at HC Wainwright & Co. provides the most conservative target, suggesting a -12.4% downside.
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.
BTDR Analyst Consensus
BTDR Price Target Range
Latest BTDR Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for BTDR.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Jan 17, 2025 | Needham | John Todaro | Buy | Reiterates | $22.00 |
| Jan 13, 2025 | Rosenblatt | Kevin Cassidy | Buy | Maintains | $22.00 |
| Jan 13, 2025 | Needham | John Todaro | Buy | Maintains | $22.00 |
| Jan 10, 2025 | Northland Capital Markets | Mike Grondahl | Outperform | Maintains | $24.00 |
| Dec 19, 2024 | B. Riley Securities | Buy | Maintains | $0.00 | |
| Dec 17, 2024 | Roth MKM | Darren Aftahi | Buy | Maintains | $29.00 |
| Dec 9, 2024 | Benchmark | Buy | Maintains | $0.00 | |
| Dec 6, 2024 | Northland Capital Markets | Outperform | Maintains | $0.00 | |
| Dec 6, 2024 | Rosenblatt | Buy | Maintains | $0.00 | |
| Nov 19, 2024 | Needham | John Todaro | Buy | Reiterates | $14.00 |
| Nov 19, 2024 | HC Wainwright & Co. | Mike Colonnese | Buy | Maintains | $18.00 |
| Nov 19, 2024 | Northland Capital Markets | Mike Grondahl | Outperform | Maintains | $14.00 |
| Nov 19, 2024 | Roth MKM | Darren Aftahi | Buy | Maintains | $15.00 |
| Nov 19, 2024 | Rosenblatt | Kevin Cassidy | Buy | Maintains | $17.00 |
| Nov 19, 2024 | Benchmark | Mark Palmer | Buy | Reiterates | $16.00 |
| Oct 11, 2024 | B. Riley Securities | Lucas Pipes | Buy | Maintains | $12.00 |
| Oct 9, 2024 | Northland Capital Markets | Mike Grondahl | Outperform | Initiates | $13.00 |
| Oct 8, 2024 | Alliance Global Partners | Buy | Initiates | $14.00 | |
| Oct 8, 2024 | Rosenblatt | Kevin Cassidy | Buy | Maintains | $9.00 |
| Oct 3, 2024 | Cantor Fitzgerald | Brett Knoblauch | Overweight | Reiterates | $13.00 |
Stocks Similar to Bitdeer Technologies Group - Ordinary Shares
The following stocks are similar to Bitdeer based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Bitdeer Technologies Group - Ordinary Shares (BTDR) Financial Data
Bitdeer Technologies Group - Ordinary Shares has a market capitalization of $3.76B with a P/E ratio of -40.3x. The company generates $420.89M in trailing twelve-month revenue with a -5.7% profit margin.
Revenue growth is +5.8% quarter-over-quarter, while maintaining an operating margin of -17.3% and return on equity of -6.1%.
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Bitdeer Technologies Group - Ordinary Shares (BTDR) Company Overview
About Bitdeer Technologies Group - Ordinary Shares
Offers blockchain technology and cryptocurrency mining solutions.
The company generates revenue through multiple streams, including hash rate sharing solutions, mining machine hosting services, and direct cryptocurrency mining operations. It operates mining datacenters, provides comprehensive services related to equipment management and logistics, and sells mining machines to clients.
Headquartered in Singapore, Bitdeer Technologies Group is strategically positioned in the growing cryptocurrency market, benefiting from increased demand for efficient mining solutions and hash rate services.
Company Information
Sector
Technology
Industry
Software - Application
Employees
211
CEO
Mr. Jihan Wu
Country
Singapore
IPO Year
2023
Website
www.bitdeer.comBitdeer Technologies Group - Ordinary Shares (BTDR) Latest News & Analysis
Bitdeer has launched "ReMine," a peer-to-peer transfer market for buying and selling mining machines, enhancing user experience and flexibility in managing mining orders and rights.
Bitdeer's "ReMine" feature enhances market liquidity for mining machines, potentially increasing demand and profitability in the crypto sector, impacting investor sentiment and valuations.
Needham analyst John Todaro reiterated a Buy rating for Bitdeer Technologies (BTDR) and raised the price target from $14 to $22.
Analyst upgrade and increased price target for Bitdeer Technologies signal strong growth potential, attracting investor interest and likely boosting stock performance.
H.C. Wainwright forecasts a major bull market for Bitcoin and cryptocurrency miners in 2024, following a record year.
A predicted bull market for Bitcoin and crypto miners signals potential growth and profitability, attracting investor interest and possibly driving up stock prices in the sector.
Top 3 Tech Stocks That May Collapse This Quarter
1 month agoAs of Dec. 13, 2024, three information technology stocks may signal caution for momentum-focused investors.
The warning signals for these tech stocks may indicate potential declines in momentum, prompting investors to reassess risk and adjust their portfolios accordingly.
Bitcoin has surpassed $100,000, driven by comments from Fed Chair Jerome Powell and the nomination of Donald Trump's SEC candidate, resulting in a rally in cryptocurrencies.
Bitcoin surpassing $100,000 signals growing market confidence and potential regulatory shifts, impacting crypto valuations and investment strategies.
Bitdeer Announces Proposed Private Placement of US$360.0 Million of Convertible Senior Notes
2 months agoBitdeer Technologies Group plans to offer $360 million in Convertible Senior Notes due 2029 in a private placement, with an option for an additional $40 million for initial purchasers.
Bitdeer's $360 million convertible notes offering indicates capital-raising efforts, potential growth, and market confidence, impacting share price and investor sentiment in tech and crypto sectors.
Frequently Asked Questions About BTDR Stock
What is Bitdeer Technologies Group - Ordinary Shares's (BTDR) stock forecast for 2025?
Based on our analysis of 11 Wall Street analysts, Bitdeer Technologies Group - Ordinary Shares (BTDR) has a median price target of $24.00. The highest price target is $39.00 and the lowest is $18.00.
Is BTDR stock a good investment in 2025?
According to current analyst ratings, BTDR has 11 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $20.54. Always conduct your own research and consider your investment goals before making investment decisions.
What is the price prediction for BTDR stock?
Wall Street analysts predict BTDR stock could reach $24.00 in the next 12 months. This represents a 16.8% increase from the current price of $20.54. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Bitdeer Technologies Group - Ordinary Shares's business model?
The company generates revenue through multiple streams, including hash rate sharing solutions, mining machine hosting services, and direct cryptocurrency mining operations. It operates mining datacenters, provides comprehensive services related to equipment management and logistics, and sells mining machines to clients.
What is the highest forecasted price for BTDR Bitdeer Technologies Group - Ordinary Shares?
The highest price target for BTDR is $39.00 from at , which represents a 89.9% increase from the current price of $20.54.
What is the lowest forecasted price for BTDR Bitdeer Technologies Group - Ordinary Shares?
The lowest price target for BTDR is $18.00 from Mike Colonnese at HC Wainwright & Co., which represents a -12.4% decrease from the current price of $20.54.
What is the overall BTDR consensus from analysts for Bitdeer Technologies Group - Ordinary Shares?
The overall analyst consensus for BTDR is bullish. Out of 11 Wall Street analysts, 11 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $24.00.
How accurate are BTDR stock price projections?
Stock price projections, including those for Bitdeer Technologies Group - Ordinary Shares, 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.
