Bitdeer Technologies Group (NASDAQ:BTDR) Price Target Raised to $29.00 at Roth Mkm

Bitdeer Technologies Group (NASDAQ:BTDR) had its price target raised by Roth Mkm from $15.00 to $29.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also commented on BTDR. Northland Capmk raised shares of Bitdeer Technologies Group to a “strong-buy” rating in a research report on Wednesday, October 9th. Alliance Global Partners initiated coverage on shares of Bitdeer Technologies Group in a research report on Tuesday, October 8th. They set a “buy” rating and a $14.00 price target on the stock. 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. B. Riley lowered their target price on Bitdeer Technologies Group from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Finally, Rosenblatt Securities increased their price target on Bitdeer Technologies Group from $17.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Ten analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $18.60.

Bitdeer Technologies Group Stock Performance

Shares of Bitdeer Technologies Group stock opened at $21.22 on Tuesday. The firm has a market cap of $2.38 billion, a PE ratio of -40.81 and a beta of 2.27. The business’s 50 day simple moving average is $11.79 and its 200 day simple moving average is $9.54. Bitdeer Technologies Group has a 52-week low of $5.23 and a 52-week high of $25.51.

Institutional Investors Weigh In On Bitdeer Technologies Group

Several hedge funds have recently added to or reduced their stakes in BTDR. Mirabella Financial Services LLP acquired a new position in Bitdeer Technologies Group in the 3rd quarter valued at about $5,872,000. D1 Capital Partners L.P. bought a new position in Bitdeer Technologies Group in the second quarter valued at about $5,386,000. Marshall Wace LLP bought a new position in shares of Bitdeer Technologies Group in the second quarter worth about $5,074,000. Point72 Asset Management L.P. acquired a new stake in shares of Bitdeer Technologies Group in the 2nd quarter valued at approximately $4,617,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Bitdeer Technologies Group during the 2nd quarter valued at approximately $4,510,000. Institutional investors and hedge funds 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.