Bitdeer Technologies Group (NASDAQ:BTDR) Given New $20.00 Price Target at Northland Securities

Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) had its price objective lifted by research analysts at Northland Securities from $14.00 to $20.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Northland Securities' target price would indicate a potential downside of 4.81% from the company's previous close.

Other research analysts have also issued reports about the company. Rosenblatt Securities raised their target price on Bitdeer Technologies Group from $9.00 to $17.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. B. Riley lowered their price objective on Bitdeer Technologies Group from $14.00 to $12.00 and set a "buy" rating for the company in a research report on Friday, October 11th. Roth Mkm upped their target price on Bitdeer Technologies Group from $14.00 to $15.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Needham & Company LLC restated a "buy" rating and set a $14.00 price target on shares of Bitdeer Technologies Group in a report on Tuesday, November 19th. Finally, Alliance Global Partners started coverage on shares of Bitdeer Technologies Group in a research report on Tuesday, October 8th. They issued a "buy" rating and a $14.00 price target on the stock. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Bitdeer Technologies Group has a consensus rating of "Buy" and a consensus price target of $15.90.

Bitdeer Technologies Group Trading Up 23.7 %

NASDAQ BTDR traded up $4.03 on Friday, hitting $21.01. The company's stock had a trading volume of 18,361,410 shares, compared to its average volume of 7,567,068. The company's 50-day moving average is $9.62 and its 200 day moving average is $8.66. Bitdeer Technologies Group has a 1-year low of $5.21 and a 1-year high of $22.01.

Institutional Trading of Bitdeer Technologies Group

Several hedge funds have recently modified their holdings of BTDR. Public Employees Retirement System of Ohio bought a new position in Bitdeer Technologies Group during the third quarter worth $66,000. Centiva Capital LP acquired a new position in shares of Bitdeer Technologies Group during the third quarter valued at about $91,000. Barclays PLC bought a new position in shares of Bitdeer Technologies Group during the 3rd quarter worth about $161,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Bitdeer Technologies Group in the 3rd quarter valued at about $169,000. Finally, Central Asset Investments & Management Holdings HK Ltd bought a new stake in Bitdeer Technologies Group in the 2nd quarter valued at about $272,000. Institutional investors own 22.25% of the company's stock.

Bitdeer Technologies Group Company Profile

Bitdeer Technologies Group operates as a technology company for blockchain and computing. It offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining machine hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining; as well as mines cryptocurrencies for its own account.