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Bitfarms (TSE:BITF)
TSX:BITF

Bitfarms (BITF) Stock Forecast & Price Target

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See the Price Targets and Ratings of:

BITF Analyst Ratings

Strong Buy
5Ratings
5 Buy
0 Hold
0 Sell
Based on 5 analysts giving stock ratings to
Bitfarms
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

BITF Stock 12 Month Forecast

Average Price Target

C$6.32
▲(153.93% Upside)
Based on 5 Wall Street analysts offering 12 month price targets for Bitfarms in the last 3 months. The average price target is C$6.32 with a high forecast of C$9.64 and a low forecast of C$4.48. The average price target represents a 153.93% change from the last price of C$2.49.
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Highest Price TargetC$9.64Average Price TargetC$6.32Lowest Price TargetC$4.48
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
B.Riley Financial
C$5.51
Buy
121.29%
Upside
Initiated
12/14/23
Bitfarms initiated with bullish view at B. Riley, here's whyBitfarms initiated with bullish view at B. Riley, here's why

Best Analysts Covering Bitfarms

Which Analyst Should I Follow If I Want to Buy TSE:BITF and Sell After:
1 Month
Kevin DedeH.C. Wainwright
Success Rate
5/18 ratings generated profit
28%
Average Return
-1.88%
reiterated a buy rating 19 days ago
Copying Kevin Dede's trades and holding each position for 1 Month would result in 27.78% of your transactions generating a profit, with an average return of -1.88% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
Average Return
0.00%
a rating ―
Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.
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3 Months
Kevin DedeH.C. Wainwright
Success Rate
9/18 ratings generated profit
50%
Average Return
+11.81%
reiterated a buy rating 19 days ago
Copying Kevin Dede's trades and holding each position for 3 Months would result in 50.00% of your transactions generating a profit, with an average return of +11.81% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
Average Return
0.00%
a rating ―
Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.
Premium Content
Find out which analyst has the highest Average Return & Success Rate
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1 Year
Kevin DedeH.C. Wainwright
Success Rate
9/18 ratings generated profit
50%
Average Return
+0.39%
reiterated a buy rating 19 days ago
Copying Kevin Dede's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of +0.39% per trade.
2 Years
Kevin DedeH.C. Wainwright
Success Rate
8/18 ratings generated profit
44%
Average Return
-8.32%
reiterated a buy rating 19 days ago
Copying Kevin Dede's trades and holding each position for 2 Years would result in 44.44% of your transactions generating a profit, with an average return of -8.32% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
Average Return
0.00%
a rating ―
Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.
Premium Content
Find out which analyst has the highest Average Return & Success Rate
Go Premium
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

BITF Analyst Recommendation Trends

Rating
Oct 23
Nov 23
Dec 23
Mar 24
Apr 24
Strong Buy
8
9
8
9
4
Buy
0
1
2
6
5
Hold
0
0
0
0
0
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
8
10
10
15
9
In the current month, BITF has received 9 Buy Ratings, 0 Hold Ratings, and 0 Sell Ratings. BITF average Analyst price target in the past 3 months is C$6.32.
Each month's total comprises the sum of three months' worth of ratings.
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BITF Financial Forecast

BITF Earnings Forecast

Next quarter’s earnings estimate for BITF is -C$0.02 with a range of -C$0.05 to C$0.01. The previous quarter’s EPS was -C$0.26. BITF beat its EPS estimate 25.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 53.46% of the time in the same period. In the last calendar year BITF has Underperformed its overall industry.
Next quarter’s earnings estimate for BITF is -C$0.02 with a range of -C$0.05 to C$0.01. The previous quarter’s EPS was -C$0.26. BITF beat its EPS estimate 25.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 53.46% of the time in the same period. In the last calendar year BITF has Underperformed its overall industry.

BITF Sales Forecast

Next quarter’s sales forecast for BITF is C$69.97M with a range of C$60.21M to C$77.70M. The previous quarter’s sales results were C$62.98M. BITF beat its sales estimates 25.00% of the time in past 12 months, while its overall industry beat sales estimates 62.30% of the time in the same period. In the last calendar year BITF has Underperformed its overall industry.
Next quarter’s sales forecast for BITF is C$69.97M with a range of C$60.21M to C$77.70M. The previous quarter’s sales results were C$62.98M. BITF beat its sales estimates 25.00% of the time in past 12 months, while its overall industry beat sales estimates 62.30% of the time in the same period. In the last calendar year BITF has Underperformed its overall industry.

BITF Stock Forecast FAQ

What is TSE:BITF’s average 12-month price target, according to analysts?
Based on analyst ratings, Bitfarms’s 12-month average price target is C$6.32.
    What is TSE:BITF’s upside potential, based on the analysts’ average price target?
    Bitfarms has 153.93% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is TSE:BITF a Buy, Sell or Hold?
          Bitfarms has a conensus rating of Strong Buy which is based on 5 buy ratings, 0 hold ratings and 0 sell ratings.
            What is Bitfarms’s price target?
            The average price target for Bitfarms is C$6.32. This is based on 5 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is C$9.64 ,the lowest forecast is C$4.48. The average price target represents 153.93% Increase from the current price of C$2.49.
              What do analysts say about Bitfarms?
              Bitfarms’s analyst rating consensus is a Strong Buy. This is based on the ratings of 5 Wall Streets Analysts.
                How can I buy shares of TSE:BITF?
                Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.
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