Bitdeer Technologies Group (NASDAQ:BTDR – Free Report) had its price target hoisted by Needham & Company LLC from $14.00 to $22.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.
BTDR has been the topic of several other research reports. 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 report on Monday, December 9th. HC Wainwright raised their price target on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Bitdeer Technologies Group in a report on Monday. Roth Mkm increased their target price on shares of Bitdeer Technologies Group from $15.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $13.00 price target on shares of Bitdeer Technologies Group in a research note on Thursday, October 3rd. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $21.00.
View Our Latest Stock Report on Bitdeer Technologies Group
Bitdeer Technologies Group Stock Performance
Institutional Investors Weigh In On Bitdeer Technologies Group
Several large investors have recently bought and sold shares of BTDR. Mirabella Financial Services LLP acquired a new stake in shares of Bitdeer Technologies Group in the third quarter worth approximately $5,872,000. D1 Capital Partners L.P. purchased a new position in Bitdeer Technologies Group in the 2nd quarter valued at $5,386,000. Marshall Wace LLP acquired a new stake in Bitdeer Technologies Group during the 2nd quarter worth $5,074,000. Point72 Asset Management L.P. purchased a new stake in shares of Bitdeer Technologies Group during the second quarter worth $4,617,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Bitdeer Technologies Group in the second quarter valued at about $4,510,000. 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.
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