15 analysts have expressed a variety of opinions on Bitdeer Technologies BTDR over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 12 | 3 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 3 | 1 | 0 | 0 | 0 |
| 2M Ago | 8 | 2 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $20.53, along with a high estimate of $29.00 and a low estimate of $14.00. This current average has increased by 29.36% from the previous average price target of $15.87.
Analyzing Analyst Ratings: A Detailed Breakdown
The perception of Bitdeer Technologies by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| John Todaro | Needham | Maintains | Buy | $22.00 | $22.00 |
| Kevin Cassidy | Rosenblatt | Maintains | Buy | $22.00 | $22.00 |
| John Todaro | Needham | Raises | Buy | $22.00 | $14.00 |
| Mike Grondahl | Northland Capital Markets | Raises | Outperform | $24.00 | $20.00 |
| Lucas Pipes | B. Riley Securities | Raises | Buy | $24.00 | $15.00 |
| Darren Aftahi | Roth MKM | Raises | Buy | $29.00 | $15.00 |
| Mark Palmer | Benchmark | Raises | Buy | $29.00 | $16.00 |
| Mike Grondahl | Northland Capital Markets | Raises | Outperform | $20.00 | $14.00 |
| Kevin Cassidy | Rosenblatt | Raises | Buy | $22.00 | $17.00 |
| Kevin Cassidy | Rosenblatt | Raises | Buy | $17.00 | $9.00 |
| Darren Aftahi | Roth MKM | Raises | Buy | $15.00 | $14.00 |
| Mark Palmer | Benchmark | Maintains | Buy | $16.00 | $16.00 |
| Mike Grondahl | Northland Capital Markets | Raises | Outperform | $14.00 | $13.00 |
| Mike Colonnese | HC Wainwright & Co. | Raises | Buy | $18.00 | $17.00 |
| John Todaro | Needham | Maintains | Buy | $14.00 | $14.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Bitdeer Technologies. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Bitdeer Technologies compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Bitdeer Technologies's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Bitdeer Technologies's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Bitdeer Technologies analyst ratings.
About Bitdeer Technologies
Bitdeer Technologies Group is principally engaged in provision of digital asset mining services. Its majority business segments are: proprietary mining, cloud hash rate sharing and cloud hosting. The company operates five proprietary mining datacenters in the United States and Norway.
Breaking Down Bitdeer Technologies's Financial Performance
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Negative Revenue Trend: Examining Bitdeer Technologies's financials over 3 months reveals challenges. As of 30 September, 2024, the company experienced a decline of approximately -28.95% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Bitdeer Technologies's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -80.76%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Bitdeer Technologies's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -10.02%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Bitdeer Technologies's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -5.35%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Bitdeer Technologies's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.33.
The Core of Analyst Ratings: What Every Investor Should Know
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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