Key Highlights:
- Bitfarms (BITF, Financial) missed Q1 EPS expectations but achieved higher-than-anticipated revenue.
- Wall Street forecasts a significant upside in Bitfarms' stock price, indicating growth potential.
- Current sentiment suggests a favorable "Outperform" rating for Bitfarms.
Bitfarms (BITF) experienced a challenging Q1, reporting a GAAP EPS of -$0.07, falling $0.04 short of predictions. Despite this setback, the company reported a revenue boost, reaching $66.85 million and surpassing estimates by $1.89 million. However, while Bitfarms' hashrate saw a notable increase from the previous year, its mining margin decreased to 43%.
Wall Street Analysts Forecast
According to projections from 8 analysts, Bitfarms Ltd (BITF, Financial) has an average price target of $3.25. Expectations range from as high as $4.50 to as low as $2.00. The average target suggests a considerable potential upside of 180.17% from the current stock price of $1.16. For further insights, visit the Bitfarms Ltd (BITF) Forecast page.
The consensus from 8 brokerage firms places Bitfarms Ltd's (BITF, Financial) average brokerage recommendation at 1.9, indicating an "Outperform" status. This rating is on a scale of 1 to 5, where 1 means Strong Buy, and 5 represents Sell.
Through GuruFocus estimates, the projected GF Value for Bitfarms Ltd (BITF, Financial) over the next year is $2.18. This projection indicates an upside of 87.93% from the current price of $1.16. The GF Value is GuruFocus' fair value estimation, calculated using historical trading multiples, previous business growth, and future performance estimates. For more comprehensive data, explore the Bitfarms Ltd (BITF) Summary page.
