Bitdeer Technologies Group (NASDAQ:BTDR) Price Target Raised to $20.00

Bitdeer Technologies Group (NASDAQ:BTDR) had its price target hoisted by Northland Securities from $14.00 to $20.00 in a report issued on Friday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities analysts also recently weighed in on the stock. HC Wainwright increased their price target on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Needham & Company LLC restated a “buy” rating and set a $14.00 price objective on shares of Bitdeer Technologies Group in a report on Tuesday, November 19th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $13.00 target price on shares of Bitdeer Technologies Group in a report on Thursday, October 3rd. B. Riley dropped their price target on Bitdeer Technologies Group from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Finally, Rosenblatt Securities raised their price objective on Bitdeer Technologies Group from $9.00 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. 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, Bitdeer Technologies Group presently has an average rating of “Buy” and a consensus target price of $15.90.

Bitdeer Technologies Group Price Performance

Shares of BTDR stock opened at $21.01 on Friday. The firm’s 50-day simple moving average is $9.87 and its 200-day simple moving average is $8.81. Bitdeer Technologies Group has a 1-year low of $5.21 and a 1-year high of $22.01. The firm has a market cap of $2.35 billion, a P/E ratio of -40.40 and a beta of 2.27.

Institutional Investors Weigh In On Bitdeer Technologies Group

Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new position in Bitdeer Technologies Group in the 3rd quarter worth approximately $66,000. Centiva Capital LP purchased a new stake in shares of Bitdeer Technologies Group during the third quarter valued at approximately $91,000. Barclays PLC acquired a new position in shares of Bitdeer Technologies Group during the third quarter worth $161,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Bitdeer Technologies Group in the third quarter valued at $169,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Bitdeer Technologies Group during the 3rd quarter valued at $220,000. 22.25% of the stock is currently owned by hedge funds and other institutional investors.

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.