Northland Securities Forecasts Strong Price Appreciation for Bitdeer Technologies Group (NASDAQ:BTDR) Stock

Bitdeer Technologies Group (NASDAQ:BTDR) had its price target hoisted by equities researchers at Northland Securities from $20.00 to $24.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Northland Securities’ target price suggests a potential upside of 29.73% from the company’s current price.

Several other equities analysts have also recently commented on the stock. Roth Mkm boosted their price target on shares of Bitdeer Technologies Group from $15.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Northland Capmk upgraded Bitdeer Technologies Group to a “strong-buy” rating in a research note on Wednesday, October 9th. Benchmark raised their price target 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. HC Wainwright lifted their price target on Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $13.00 price objective on shares of Bitdeer Technologies Group in a report on Thursday, October 3rd. Ten analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $20.20.

Bitdeer Technologies Group Stock Performance

Shares of NASDAQ:BTDR opened at $18.50 on Friday. The stock has a fifty day moving average of $16.64 and a 200-day moving average of $11.17. The company has a market capitalization of $2.07 billion, a PE ratio of -35.58 and a beta of 2.09. Bitdeer Technologies Group has a one year low of $5.23 and a one year high of $26.99.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BTDR. International Assets Investment Management LLC bought a new stake in Bitdeer Technologies Group during the fourth quarter valued at about $308,000. Sanctuary Advisors LLC acquired a new stake in Bitdeer Technologies Group in the 3rd quarter valued at approximately $275,000. Barclays PLC acquired a new position in shares of Bitdeer Technologies Group during the third quarter worth approximately $161,000. Geode Capital Management LLC grew its stake in shares of Bitdeer Technologies Group by 14.6% in the third quarter. Geode Capital Management LLC now owns 368,564 shares of the company’s stock worth $2,886,000 after acquiring an additional 46,968 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in Bitdeer Technologies Group during the third quarter worth $66,000. Institutional investors own 22.25% of the company’s stock.

About Bitdeer Technologies Group

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.