NASDAQ:BITF

Bitfarms (BITF) Price Target & Analyst Ratings

$1.53

-0.09 (-5.56%)

(As of 08/9/2023 ET)

Compare

Today's Range: $1.52
▼
$1.67
50-Day Range: $1.09
▼
$2.09
52-Week Range: $0.38
▼
$2.33

Volume: 7.89 million shs
Average Volume: 6.63 million shs
Market Capitalization: $335.22 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $3.33

Bitfarms Consensus Rating and Price Target (2023)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Analyst Rating

Buy
Based on 4 Analyst Ratings

Consensus Analyst Price Target

$3.33
117.86% Upside

High Prediction	$5.00
Average Prediction	$3.33
Low Prediction	$2.00

Type	Current 8/10/22 to 8/10/23	1 Month Ago 7/11/22 to 7/11/23	3 Months Ago 5/12/22 to 5/12/23	1 Year Ago 8/10/21 to 8/10/22
Consensus Rating	Buy	Buy	Buy	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$3.33	$2.00	$2.00	$7.00
Predicted Upside	117.86% Upside	83.27% Upside	93.69% Upside	253.54% Upside

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BITF Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

BITF Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Bitfarms Stock vs. The Competition

Type	Bitfarms	Business Services Companies	S&P 500
Consensus Rating Score	3.00	2.57	2.48
Consensus Rating	Buy	Moderate Buy	Hold
Predicted Upside	117.86% Upside	472.79% Upside	636.81% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Historical Target Prices and Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
8/9/2023	Compass Point Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$4.50 ➝ $5.00	+200.90%
7/20/2023	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$3.00	+60.43%
4/5/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy
3/23/2023	HC Wainwright Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$5.00 ➝ $2.00	+118.53%

(Data available from 8/10/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

BITF Price Target - Frequently Asked Questions

What is Bitfarms's consensus rating and price target?: According to the issued ratings of 4 analysts in the last year, the consensus rating for Bitfarms stock is Buy based on the current 4 buy ratings for BITF. The average twelve-month price prediction for Bitfarms is $3.33 with a high price target of $5.00 and a low price target of $2.00. Learn more on BITF's analyst rating history.
Do Wall Street analysts like Bitfarms more than its competitors?: Analysts like Bitfarms more than other Business Services companies. The consensus rating for Bitfarms is Buy while the average consensus rating for business services companies is Moderate Buy. Learn more on how BITF compares to other companies.
Does Bitfarms's stock price have much upside?: According to analysts, Bitfarms's stock has a predicted upside of 123.21% based on their 12-month price targets.

What analysts cover Bitfarms?: Bitfarms has been rated by Cantor Fitzgerald, and Compass Point in the past 90 days.

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This page (NASDAQ:BITF) was last updated on 8/10/2023 by MarketBeat.com Staff

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