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

Bitdeer Technologies Group (NASDAQ:BTDR) had its price target raised by stock analysts at Roth Mkm from $15.00 to $29.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s price target would indicate a potential upside of 49.48% from the stock’s current price.

A number of other equities analysts also recently weighed in on the company. HC Wainwright boosted their target price on Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Rosenblatt Securities upped their price objective on Bitdeer Technologies Group from $17.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, December 6th. B. Riley decreased their target price on Bitdeer Technologies Group from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Needham & Company LLC restated a “buy” rating and set a $14.00 price target on shares of Bitdeer Technologies Group in a research report on Tuesday, November 19th. Finally, Northland Securities raised their price objective on shares of Bitdeer Technologies Group from $14.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $18.60.

Bitdeer Technologies Group Price Performance

BTDR opened at $19.40 on Tuesday. Bitdeer Technologies Group has a fifty-two week low of $5.23 and a fifty-two week high of $25.51. The firm has a market capitalization of $2.17 billion, a P/E ratio of -37.31 and a beta of 2.27. The company’s 50-day moving average is $12.05 and its 200 day moving average is $9.61.

Institutional Investors Weigh In On Bitdeer Technologies Group

Several institutional investors have recently made changes to their positions in BTDR. Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of Bitdeer Technologies Group during the 2nd quarter valued at $272,000. Thomist Capital Management LP purchased a new stake in shares of Bitdeer Technologies Group in the second quarter worth about $1,156,000. XTX Topco Ltd bought a new position in shares of Bitdeer Technologies Group in the second quarter valued at approximately $276,000. Symmetry Investments LP purchased a new position in Bitdeer Technologies Group during the second quarter valued at approximately $432,000. Finally, D1 Capital Partners L.P. bought a new stake in Bitdeer Technologies Group during the 2nd quarter worth approximately $5,386,000. Hedge funds and other institutional investors own 22.25% of the company’s stock.

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.