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

Bitdeer Technologies Group (NASDAQ:BTDR) had its price objective boosted by Northland Securities from $20.00 to $24.00 in a report released on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other analysts also recently issued reports on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $13.00 price objective on shares of Bitdeer Technologies Group in a research note on Thursday, October 3rd. Rosenblatt Securities raised their price target on Bitdeer Technologies Group from $17.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Alliance Global Partners started coverage on Bitdeer Technologies Group in a research report on Tuesday, October 8th. They issued a “buy” rating and a $14.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and set a $14.00 target price on shares of Bitdeer Technologies Group in a research report on Tuesday, November 19th. Finally, Northland Capmk upgraded shares of Bitdeer Technologies Group to a “strong-buy” rating in a report on Wednesday, October 9th. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Bitdeer Technologies Group currently has a consensus rating of “Buy” and an average target price of $20.20.

Bitdeer Technologies Group Trading Down 0.4 %

Bitdeer Technologies Group stock opened at $18.50 on Friday. Bitdeer Technologies Group has a 12-month low of $5.23 and a 12-month high of $26.99. The firm has a 50-day moving average price of $16.64 and a 200-day moving average price of $11.16. The firm has a market capitalization of $2.07 billion, a PE ratio of -35.58 and a beta of 2.09.

Institutional Investors Weigh In On Bitdeer Technologies Group

Several large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new position in shares of Bitdeer Technologies Group during the third quarter valued at approximately $66,000. Centiva Capital LP purchased a new stake in Bitdeer Technologies Group during the third quarter worth $91,000. Barclays PLC bought a new stake in Bitdeer Technologies Group during the 3rd quarter valued at $161,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Bitdeer Technologies Group in the 3rd quarter valued at $169,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Bitdeer Technologies Group in the 3rd quarter valued at $220,000. Institutional investors own 22.25% of the company’s stock.

Bitdeer Technologies Group Company Profile

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.