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Bitdeer Technologies Group (BTDR) Stock Forecast & Price Target

$10.57
+0.40 (+3.93%)
(As of 07/12/2024 ET)

Bitdeer Technologies Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

$14.19
34.22% Upside
High Forecast$20.00
Average Forecast$14.19
Low Forecast$10.50
TypeCurrent Forecast
7/15/23 to 7/14/24
1 Month Ago
6/15/23 to 6/14/24
3 Months Ago
4/16/23 to 4/15/24
1 Year Ago
7/15/22 to 7/15/23
Consensus Rating
Buy
Buy
Buy
N/A
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
N/A
Buy
7 Buy rating(s)
7 Buy rating(s)
7 Buy rating(s)
N/A
Hold
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
N/A
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
N/A
Consensus Price Target$14.19$13.56$13.64N/A
Forecasted Upside34.22% Upside107.78% Upside108.65% UpsideN/A
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BTDR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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BTDR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Bitdeer Technologies Group Stock vs. The Competition

TypeBitdeer Technologies GroupBusiness Services CompaniesS&P 500
Consensus Rating Score
3.13
2.64
2.50
Consensus RatingBuyModerate BuyModerate Buy
Predicted Upside34.22% Upside141.47% Upside9.17% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/12/2024B. Riley
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 Boost TargetBuy ➝ Buy$9.00 ➝ $14.00+37.52%
7/1/2024Roth Mkm
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 Reiterated RatingBuy ➝ Buy$14.00 ➝ $14.00+32.08%
6/12/2024Cantor Fitzgerald
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B. Knoblauch
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UpgradeStrong-Buy
6/11/2024HC Wainwright
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 Reiterated RatingBuy ➝ Buy$20.00 ➝ $20.00+174.35%
5/15/2024Needham & Company LLC
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 Reiterated RatingBuy ➝ Buy$14.00+160.22%
4/15/2024Benchmark
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 Reiterated RatingBuy ➝ Buy$13.00+126.48%
4/9/2024Rosenblatt Securities
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 Initiated CoverageBuy$10.50+47.89%
3/13/2024BTIG Research
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 Initiated CoverageBuy$15.00+138.47%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 07:04 AM ET.

BTDR Forecast - Frequently Asked Questions

What is Bitdeer Technologies Group's forecast for 2024?

According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Bitdeer Technologies Group is $14.19, with a high forecast of $20.00 and a low forecast of $10.50.

Should I buy or sell Bitdeer Technologies Group stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bitdeer Technologies Group in the last year. There are currently 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BTDR shares.

Does Bitdeer Technologies Group's stock price have much upside?

According to analysts, Bitdeer Technologies Group's stock has a predicted upside of 89.25% based on their 12-month stock forecasts.

Has Bitdeer Technologies Group been upgraded by Wall Street analysts recently?

Over the previous 90 days, Bitdeer Technologies Group's stock had 1 upgrade by analysts.

What analysts cover Bitdeer Technologies Group?

Bitdeer Technologies Group has been rated by research analysts at B. Riley, Benchmark, Cantor Fitzgerald, HC Wainwright, Needham & Company LLC, and Roth Mkm in the past 90 days.

Do Wall Street analysts like Bitdeer Technologies Group more than its competitors?

Analysts like Bitdeer Technologies Group more than other "business services" companies. The consensus rating for Bitdeer Technologies Group is Buy while the average consensus rating for "business services" companies is Moderate Buy. Learn more on how BTDR compares to other companies.


This page (NASDAQ:BTDR) was last updated on 7/14/2024 by MarketBeat.com Staff

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