Stock Track | Bitdeer Technologies Group Soars 5.7% as B. Riley Raises Price Target to $24

Stock Track

2024-12-19

Bitdeer Technologies Group (BTDR) shares surged 5.7% in intraday trading on Thursday, outperforming the broader market. The rally came after B. Riley raised its price target for the company to $24 from $15, while maintaining a "Buy" rating on the stock.

According to analysts polled by FactSet, Bitdeer Technologies Group currently has an average rating of "Buy" and a mean price target of $23.12, implying an upside potential of over 30% from its current levels.

The bullish analyst sentiment reflects optimism around Bitdeer's prospects in the cryptocurrency mining industry. As a leading mining operator, the company is well-positioned to benefit from the growing demand for digital assets and the increasing adoption of blockchain technology.

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Riley Raises Price Target to $24\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-12-19 22:33</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Bitdeer Technologies Group (BTDR) shares surged 5.7% in intraday trading on Thursday, outperforming the broader market. The rally came after B. Riley raised its price target for the company to $24 from $15, while maintaining a \"Buy\" rating on the stock.</p>\n<p>According to analysts polled by FactSet, Bitdeer Technologies Group currently has an average rating of \"Buy\" and a mean price target of $23.12, implying an upside potential of over 30% from its current levels.</p>\n<p>The bullish analyst sentiment reflects optimism around Bitdeer's prospects in the cryptocurrency mining industry. 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