Cantor Fitzgerald has updated its outlook on Bitdeer Technologies (BTDR, Financial), maintaining its "Overweight" rating on the stock. The financial services company has also raised its price target to $23.00 USD from the previous target of $21.00 USD. This adjustment represents a 9.52% increase from the prior price target.
The updated analysis from Cantor Fitzgerald, led by analyst Brett Knoblauch, signals continued confidence in Bitdeer Technologies' potential in the market. With the price target now set at $23.00 USD, the firm's evaluation highlights the ongoing positive sentiment surrounding BTDR.
These updates are part of the ongoing coverage and evaluation of Bitdeer Technologies (BTDR, Financial) by Cantor Fitzgerald, as the stock maintains its "Overweight" status. Investors and market watchers may find this information useful in their assessments of BTDR's future performance potential.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Bitdeer Technologies Group (BTDR, Financial) is $21.53 with a high estimate of $30.00 and a low estimate of $17.00. The average target implies an upside of 65.96% from the current price of $12.97. More detailed estimate data can be found on the Bitdeer Technologies Group (BTDR) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Bitdeer Technologies Group's (BTDR, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
