Bit Digital (BTBT) Stock Forecast & Price Target

$3.35 -0.04 (-1.18%)

(As of 12/20/2024 05:45 PM ET)

Bit Digital - Analysts' Recommendations and Stock Price Forecast (2025)

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

Buy

Based on 3 Analyst Ratings

Sell
0

Hold
0

Buy
3

Based on 3 Wall Street analysts who have issued ratings for Bit Digital in the last 12 months, the stock has a consensus rating of "Buy." Out of the 3 analysts, 2 have given a buy rating, and 1 has given a strong buy rating for BTBT.

Consensus Price Target

$6.33
89.05% Upside

According to the 3 analysts' twelve-month price targets for Bit Digital, the average price target is $6.33. The highest price target for BTBT is $7.00, while the lowest price target for BTBT is $6.00. The average price target represents a forecasted upside of 89.05% from the current price of $3.35.

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BTBT Analyst Ratings Over Time

Type	Current Forecast 12/23/23 to 12/22/24	1 Month Ago 11/23/23 to 11/22/24	3 Months Ago 9/24/23 to 9/23/24	1 Year Ago 12/23/22 to 12/23/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$6.33	$6.33	$6.00	$5.00
Forecasted Upside	89.05% Upside	42.64% Upside	74.42% Upside	28.21% Upside
Consensus Rating	Buy	Buy	Buy	Buy

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BTBT 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.

BTBT 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.

Bit Digital Stock vs. The Competition

Type	Bit Digital	Business Services Companies	S&P 500
Consensus Rating Score	3.33	2.69	2.51
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	89.05% Upside	169.91% Upside	14.53% Upside
News Sentiment Rating	Positive News See Recent BTBT News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
11/19/2024	HC Wainwright 2 of 5 stars	Reiterated Rating	Buy ➝ Buy	$7.00 ➝ $7.00	+74.13%
10/24/2024	B. Riley 4 of 5 stars	Initiated Coverage	Buy	$6.00	+55.04%
2/13/2024	Northland Securities 4 of 5 stars	Initiated Coverage	Outperform	$6.00	+82.93%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 02:48 PM ET.

BTBT Forecast - Frequently Asked Questions

: According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Bit Digital is $6.33, with a high forecast of $7.00 and a low forecast of $6.00.
: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bit Digital in the last twelve months. There are currently 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" BTBT shares.
: According to analysts, Bit Digital's stock has a predicted upside of 89.05% based on their 12-month stock forecasts.
: Over the previous 90 days, Bit Digital's stock had 1 upgrade by analysts.
: Bit Digital has been rated by research analysts at B. Riley, and HC Wainwright in the past 90 days.
: Analysts like Bit Digital more than other "business services" companies. The consensus rating for Bit Digital is Buy while the average consensus rating for "business services" companies is Moderate Buy. Learn more on how BTBT compares to other companies.

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This page (NASDAQ:BTBT) was last updated on 12/22/2024 by MarketBeat.com Staff

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Bit Digital (BTBT) Stock Forecast & Price Target