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Bitfarms Ltd has a consensus price target of $4.17 based on the ratings of 6 analysts. The high is $5 issued by Cantor Fitzgerald on October 3, 2024. The low is $3 issued by B. Riley Securities on May 17, 2024. The 3 most-recent analyst ratings were released by Cantor Fitzgerald, HC Wainwright & Co., and Cantor Fitzgerald on October 3, 2024, September 23, 2024, and September 3, 2024, respectively. With an average price target of $4.67 between Cantor Fitzgerald, HC Wainwright & Co., and Cantor Fitzgerald, there's an implied 153.62% upside for Bitfarms Ltd from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Bitfarms (NASDAQ:BITF) was reported by Cantor Fitzgerald on October 3, 2024. The analyst firm set a price target for $5.00 expecting BITF to rise to within 12 months (a possible 171.74% upside). 24 analyst firms have reported ratings in the last year.
The latest analyst rating for Bitfarms (NASDAQ:BITF) was provided by Cantor Fitzgerald, and Bitfarms reiterated their overweight rating.
There is no last upgrade for Bitfarms
There is no last downgrade for Bitfarms.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Bitfarms, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Bitfarms was filed on October 3, 2024 so you should expect the next rating to be made available sometime around October 3, 2025.
While ratings are subjective and will change, the latest Bitfarms (BITF) rating was a reiterated with a price target of $5.00 to $5.00. The current price Bitfarms (BITF) is trading at is $1.84, which is out of the analyst’s predicted range.
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