Roth Mkm Boosts Bitdeer Technologies Group (NASDAQ:BTDR) Price Target to $29.00

Bitdeer Technologies Group (NASDAQ:BTDR) had its target price raised by equities research analysts at Roth Mkm from $15.00 to $29.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s price target indicates a potential upside of 49.48% from the stock’s current price.

BTDR has been the subject of a number of other reports. Benchmark lifted their price objective on shares of Bitdeer Technologies Group from $16.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 price target on shares of Bitdeer Technologies Group in a research note on Tuesday, November 19th. Northland Securities increased their price objective on Bitdeer Technologies Group from $14.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Cantor Fitzgerald restated an “overweight” rating and issued a $13.00 target price on shares of Bitdeer Technologies Group in a research report on Thursday, October 3rd. Finally, Northland Capmk raised Bitdeer Technologies Group to a “strong-buy” rating in a research note on Wednesday, October 9th. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Bitdeer Technologies Group presently has an average rating of “Buy” and an average price target of $18.60.

Bitdeer Technologies Group Price Performance

Shares of BTDR opened at $19.40 on Tuesday. Bitdeer Technologies Group has a 1-year low of $5.23 and a 1-year high of $25.51. The company has a market capitalization of $2.17 billion, a P/E ratio of -37.31 and a beta of 2.27. The firm’s 50 day simple moving average is $12.05 and its 200 day simple moving average is $9.61.

Institutional Investors Weigh In On Bitdeer Technologies Group

A number of large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Bitdeer Technologies Group during the third quarter worth about $66,000. Centiva Capital LP purchased a new stake in Bitdeer Technologies Group in the 3rd quarter worth approximately $91,000. Barclays PLC bought a new stake in shares of Bitdeer Technologies Group in the 3rd quarter worth approximately $161,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Bitdeer Technologies Group during the third quarter valued at approximately $169,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Bitdeer Technologies Group during the third quarter valued at approximately $220,000. Institutional investors own 22.25% of the company’s stock.

Bitdeer Technologies Group Company Profile

Bitdeer Technologies Group operates as a technology company for blockchain and computing. It offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining machine hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining; as well as mines cryptocurrencies for its own account.