Bitdeer Technologies Group (NASDAQ:BTDR) Stock Price Expected to Rise, Rosenblatt Securities Analyst Says

Bitdeer Technologies Group (NASDAQ:BTDR) had its price objective upped by research analysts at Rosenblatt Securities from $22.00 to $30.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Rosenblatt Securities’ price target would indicate a potential upside of 77.62% from the company’s previous close.

BTDR has been the subject of a number of other research reports. Keefe, Bruyette & Woods assumed coverage on shares of Bitdeer Technologies Group in a research report on Monday, January 27th. They issued an “outperform” rating and a $26.50 target price for the company. HC Wainwright boosted their price objective on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Needham & Company LLC raised their target price on shares of Bitdeer Technologies Group from $14.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Benchmark boosted their price target on Bitdeer Technologies Group from $16.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Northland Securities raised their price objective on Bitdeer Technologies Group from $20.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Eleven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $22.23.

Bitdeer Technologies Group Trading Down 5.0 %

NASDAQ:BTDR opened at $16.89 on Wednesday. The stock has a 50 day simple moving average of $19.56 and a 200 day simple moving average of $12.15. The stock has a market cap of $1.89 billion, a P/E ratio of -32.48 and a beta of 2.04. Bitdeer Technologies Group has a 1-year low of $5.23 and a 1-year high of $26.99.

Institutional Trading of Bitdeer Technologies Group

Several large investors have recently bought and sold shares of the business. Yong Rong HK Asset Management Ltd bought a new position in shares of Bitdeer Technologies Group in the fourth quarter worth about $65,010,000. Van ECK Associates Corp acquired a new position in Bitdeer Technologies Group during the 4th quarter worth approximately $29,125,000. Mirabella Financial Services LLP bought a new position in Bitdeer Technologies Group in the 3rd quarter valued at approximately $5,872,000. FengHe Fund Management Pte. Ltd. acquired a new stake in Bitdeer Technologies Group in the fourth quarter valued at approximately $10,378,000. Finally, Millennium Management LLC grew its stake in shares of Bitdeer Technologies Group by 901.0% during the second quarter. Millennium Management LLC now owns 410,359 shares of the company’s stock worth $4,210,000 after buying an additional 369,363 shares during the last quarter. 22.25% of the stock is owned by institutional investors and hedge funds.

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.