Bitfarms (BITF, Financial), a leading cryptocurrency mining company, has been initiated with a 'Buy' rating by Jones Trading. The coverage was led by analyst Stephen Glagola. This announcement was made on July 21, 2025.
Jones Trading has set a price target of USD 2.00 for Bitfarms (BITF, Financial). The 'Buy' rating indicates a positive outlook for the company's stock, suggesting that investors may consider purchasing shares based on the analyst's assessment.
This latest analyst rating provides a fresh perspective on Bitfarms (BITF, Financial) and could influence investor sentiment positively in the cryptocurrency mining sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Bitfarms Ltd (BITF, Financial) is $3.25 with a high estimate of $4.50 and a low estimate of $2.00. The average target implies an upside of 176.60% from the current price of $1.18. More detailed estimate data can be found on the Bitfarms Ltd (BITF) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, Bitfarms Ltd's (BITF, 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.
Based on GuruFocus estimates, the estimated GF Value for Bitfarms Ltd (BITF, Financial) in one year is $1.64, suggesting a upside of 39.57% from the current price of $1.175. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Bitfarms Ltd (BITF) Summary page.
