Rosenblatt analyst Kevin Cassidy raised the firm’s price target on Bitdeer (BTDR) to $15 from $12 and keeps a Buy rating on the shares. The firm cites upside from the company’s April production update and the rebound in bitcoin prices for the target bump. Exiting Q2, Bitdeer’s total energized capacity is expected to be 1.57GW, up 75% quarter-over-quarter, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BTDR:
- Bitdeer Technologies Group call volume above normal and directionally bullish
- Bitdeer Technologies Expands Global Mining Operations in April 2025
- Bitdeer self mined 166 bitcoin in April
- Crypto Currents: Riot Platforms, Strategy report Q1 earnings
- Bitdeer price target lowered to $17.50 from $21 at H.C. Wainwright