Bitdeer Technologies Group (BTDR) stock climbed 5.53% in after-hours trading on Monday, outperforming the broader market, following bullish analyst coverage from Keefe Bruyette & Woods.
Keefe Bruyette initiated coverage on Bitdeer with an "Outperform" rating and set a price target of $26.50 on the cryptocurrency mining data center service provider. The firm's analysts are optimistic about Bitdeer's prospects, citing positive factors that could drive the stock higher.
Bitdeer provides digital asset mining data centers and mining hosting services globally. With its advanced computing capabilities and energy-efficient operations, the company is well-positioned to benefit from the growing cryptocurrency mining industry.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.