Northland Securities Forecasts Strong Price Appreciation for Bitdeer Technologies Group (NASDAQ:BTDR) Stock

Bitdeer Technologies Group (NASDAQ:BTDR) had its price objective increased by equities researchers at Northland Securities from $20.00 to $24.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Northland Securities’ target price points to a potential upside of 29.17% from the stock’s current price.

A number of other brokerages have also commented on BTDR. Northland Capmk raised shares of Bitdeer Technologies Group to a “strong-buy” rating in a research report on Wednesday, October 9th. HC Wainwright upped their target price on Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Roth Mkm raised their price target on Bitdeer Technologies Group from $15.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $13.00 price objective on shares of Bitdeer Technologies Group in a research note on Thursday, October 3rd. Finally, Alliance Global Partners assumed coverage on shares of Bitdeer Technologies Group in a research report on Tuesday, October 8th. They issued a “buy” rating and a $14.00 price target for the company. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $20.20.

Bitdeer Technologies Group Trading Down 5.7 %

NASDAQ BTDR opened at $18.58 on Friday. The stock has a market cap of $2.08 billion, a PE ratio of -35.73 and a beta of 2.09. Bitdeer Technologies Group has a 12 month low of $5.23 and a 12 month high of $26.99. The company’s 50-day moving average price is $16.43 and its 200-day moving average price is $11.10.

Institutional Trading of Bitdeer Technologies Group

A number of institutional investors have recently made changes to their positions in BTDR. International Assets Investment Management LLC purchased a new position in shares of Bitdeer Technologies Group in the 4th quarter valued at approximately $308,000. Sanctuary Advisors LLC acquired a new position in Bitdeer Technologies Group during the 3rd quarter valued at approximately $275,000. Barclays PLC purchased a new position in shares of Bitdeer Technologies Group in the third quarter worth $161,000. Geode Capital Management LLC lifted its stake in shares of Bitdeer Technologies Group by 14.6% during the third quarter. Geode Capital Management LLC now owns 368,564 shares of the company’s stock worth $2,886,000 after buying an additional 46,968 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Bitdeer Technologies Group during the third quarter valued at $66,000. Institutional investors and hedge funds 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.