Northland Securities Boosts Bitdeer Technologies Group (NASDAQ:BTDR) Price Target to $24.00

Bitdeer Technologies Group (NASDAQ:BTDR) had its target price lifted by analysts at Northland Securities from $20.00 to $24.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Northland Securities’ target price suggests a potential upside of 29.17% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. Benchmark upped their price objective on Bitdeer Technologies Group from $16.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Roth Mkm upped their price target on Bitdeer Technologies Group from $15.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. HC Wainwright boosted their target price on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $13.00 target price on shares of Bitdeer Technologies Group in a research note on Thursday, October 3rd. Finally, Rosenblatt Securities boosted their price target on shares of Bitdeer Technologies Group from $17.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Ten investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Bitdeer Technologies Group currently has a consensus rating of “Buy” and a consensus target price of $20.20.

Bitdeer Technologies Group Stock Performance

Shares of Bitdeer Technologies Group stock opened at $18.58 on Friday. Bitdeer Technologies Group has a fifty-two week low of $5.23 and a fifty-two week high of $26.99. The company has a market capitalization of $2.08 billion, a P/E ratio of -35.73 and a beta of 2.09. The company has a fifty day moving average of $16.43 and a 200 day moving average of $11.10.

Hedge Funds Weigh In On Bitdeer Technologies Group

Large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new position in Bitdeer Technologies Group during the third quarter worth $66,000. Centiva Capital LP purchased a new position in shares of Bitdeer Technologies Group during the 3rd quarter worth about $91,000. International Assets Investment Management LLC bought a new position in Bitdeer Technologies Group during the 4th quarter valued at about $308,000. Barclays PLC purchased a new stake in Bitdeer Technologies Group in the 3rd quarter worth about $161,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Bitdeer Technologies Group in the third quarter worth about $169,000. 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.