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Bitfarms (BITF) Stock Forecast & Price Target

-0.07 (-2.52%)
(As of 05/23/2024 ET)

Bitfarms - 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

Based on 1 Analyst Ratings

Consensus Price Target

139.85% Upside
High ForecastC$6.50
Average ForecastC$6.50
Low ForecastC$6.50
TypeCurrent Forecast
5/25/23 to 5/24/24
1 Month Ago
4/25/23 to 4/24/24
3 Months Ago
2/24/23 to 2/24/24
1 Year Ago
5/25/22 to 5/25/23
Consensus Rating
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
0 Hold rating(s)
0 Hold rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$6.50C$6.50N/AN/A
Forecasted Upside139.85% Upside111.04% UpsideN/AN/A
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BITF 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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BITF 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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Bitfarms Stock vs. The Competition

TypeBitfarmsFinancial Services Companies
Consensus Rating Score
Consensus RatingBuyHold
News Sentiment RatingNeutral News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/1/2024ATB Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Set TargetOutperformC$6.50+111.04%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 07:18 AM ET.

BITF Frequently Asked Questions

What is Bitfarms's stock forecast and purchase recommendation?

According to the research reports of 1 Wall Street equities research analysts, the average twelve-month stock price forecast for Bitfarms is C$6.50, with a high forecast of C$6.50 and a low forecast of C$6.50. The consensus rating for Bitfarms stock is Buy based on the current 1 buy rating for BITF. Learn more on BITF's analyst rating history.

Do Wall Street analysts like Bitfarms more than its competitors?

Analysts like Bitfarms more than other "financial services" companies. The consensus rating for Bitfarms is Buy while the average consensus rating for "financial services" companies is Hold. Learn more on how BITF compares to other companies.

Does Bitfarms's stock price have much upside?

According to analysts, Bitfarms's stock has a predicted upside of 111.04% based on their 12-month stock forecasts.

What analysts cover Bitfarms?

Bitfarms has been rated by research analysts at ATB Capital in the past 90 days.

Stock Forecasts and Research Tools

This page (TSE:BITF) was last updated on 5/24/2024 by Staff

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