- Bitdeer Technologies (BTDR, Financial) stock rose by approximately 20% due to surges in Bitcoin prices.
- Despite U.S. tariff challenges, the company is expanding its self-mining capabilities.
- Analysts offer an average price target with significant upside potential.
Bitdeer Technologies (BTDR), a prominent player among crypto stocks, recently experienced a remarkable stock price increase of around 20%. This surge aligns with Bitcoin's impressive leap past the $90,000 mark. Despite facing hurdles with U.S. tariffs, which drive up costs for mining equipment, Bitdeer remains resilient. The company is strategically boosting its self-mining operations and has gained significant investment interest from Tether.
Wall Street Analysts Forecast
Examining the forecasts from 12 financial analysts, Bitdeer Technologies Group (BTDR, Financial) has an average price target of $20.80. The projections peak at $30.00, dropping to a low of $13.00. This average target suggests a noteworthy potential upside of 121.75% from the current price point of $9.38. Investors seeking more comprehensive estimate data should visit the Bitdeer Technologies Group (BTDR) Forecast page.
Furthermore, according to consensus from 12 brokerage firms, Bitdeer Technologies Group (BTDR, Financial) holds an average brokerage recommendation of 1.9, categorizing it as "Outperform." This rating is part of a scale ranging from 1 to 5, where 1 represents a Strong Buy and 5 indicates Sell.
