Bitdeer Technologies Group (NASDAQ:BTDR) Price Target Raised to $22.00

Bitdeer Technologies Group (NASDAQ:BTDRFree 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

NASDAQ BTDR opened at $20.84 on Monday. Bitdeer Technologies Group has a fifty-two week low of $5.23 and a fifty-two week high of $26.99. The firm has a market capitalization of $2.33 billion, a P/E ratio of -40.08 and a beta of 2.09. The stock has a 50-day simple moving average of $17.07 and a two-hundred day simple moving average of $11.30.

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

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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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Analyst Recommendations for Bitdeer Technologies Group (NASDAQ:BTDR)

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