Bitdeer Technologies Group (NASDAQ:BTDR) Price Target Raised to $30.00

Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) had its price target raised by investment analysts at Rosenblatt Securities from $22.00 to $30.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Rosenblatt Securities' price objective suggests a potential upside of 80.07% from the stock's previous close.

A number of other equities research analysts have also recently commented on the stock. Alliance Global Partners started coverage on shares of Bitdeer Technologies Group in a report on Tuesday, October 8th. They issued a "buy" rating and a $14.00 price target on the stock. Keefe, Bruyette & Woods initiated coverage on Bitdeer Technologies Group in a research report on Monday, January 27th. They set an "outperform" rating and a $26.50 price target on the stock. Roth Mkm boosted their price objective on Bitdeer Technologies Group from $15.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Benchmark raised their price objective on shares of Bitdeer Technologies Group from $16.00 to $29.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Finally, Needham & Company LLC increased their target price on Bitdeer Technologies Group from $14.00 to $22.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $22.23.

Bitdeer Technologies Group Trading Up 2.5 %

Shares of BTDR traded up $0.40 on Wednesday, reaching $16.66. 3,315,744 shares of the company's stock traded hands, compared to its average volume of 6,500,237. The stock's 50 day simple moving average is $19.77 and its two-hundred day simple moving average is $12.25. Bitdeer Technologies Group has a 52-week low of $5.23 and a 52-week high of $26.99. The stock has a market cap of $1.87 billion, a PE ratio of -32.04 and a beta of 2.04.

Institutional Trading of Bitdeer Technologies Group

Several institutional investors have recently bought and sold shares of BTDR. Stonebridge Financial Group LLC purchased a new stake in shares of Bitdeer Technologies Group during the fourth quarter valued at approximately $65,000. SBI Securities Co. Ltd. purchased a new stake in Bitdeer Technologies Group during the 4th quarter valued at $79,000. Public Employees Retirement System of Ohio bought a new stake in shares of Bitdeer Technologies Group in the 3rd quarter worth $66,000. Valliance Asset Management Ltd bought a new position in shares of Bitdeer Technologies Group during the fourth quarter valued at $217,000. Finally, Centiva Capital LP purchased a new stake in shares of Bitdeer Technologies Group during the third quarter valued at $91,000. 22.25% of the stock is owned by hedge funds and other institutional investors.

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.