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Bitfarms - BITF Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $4.05
  • Forecasted Upside: 154.70%
  • Number of Analysts: 6
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 5 Buy Ratings
  • 0 Strong Buy Ratings
$1.59 As of 12/23/2024 11:22 AM ET
▼ -0.0899 (-5.35%)

This chart shows the closing price for BITF by one month, three months, or twelve months.

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Analyst Price Target for BITF

Analyst Price Target is $4.05
▲ +154.70% Upside Potential
This price target is based on 6 analysts offering 12 month price targets for Bitfarms in the last 3 months. The average price target is $4.05, with a high forecast of $6.00 and a low forecast of $2.30. The average price target represents a 154.70% upside from the last price of $1.59.

This chart shows the closing price for BITF for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 6 investment analysts is to moderate buy stock in Bitfarms. This rating has held steady since May 2024, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
7/1/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
9/29/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
12/28/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
3/27/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
6/25/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
9/23/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
11/22/2024
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
12/22/2024

Latest Recommendations

  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
12/4/2024Alliance Global PartnersInitiated CoverageBuy$6.00
11/22/2024Stifel CanadaUpgradeHold ➝ Moderate Buy
11/14/2024HC WainwrightReiterated RatingBuy ➝ Buy$4.00 ➝ $4.00
10/3/2024Cantor FitzgeraldReiterated RatingOverweight ➝ Overweight$5.00 ➝ $5.00
9/23/2024HC WainwrightReiterated RatingBuy ➝ Buy$4.00 ➝ $4.00
9/3/2024Cantor FitzgeraldReiterated RatingOverweight ➝ Overweight$5.00 ➝ $5.00
8/22/2024HC WainwrightReiterated RatingBuy ➝ Buy$4.00 ➝ $4.00
8/12/2024HC WainwrightReiterated RatingBuy ➝ Buy$4.00 ➝ $4.00
7/18/2024HC WainwrightReiterated RatingBuy ➝ Buy$4.00 ➝ $4.00
7/9/2024HC WainwrightReiterated RatingBuy ➝ Buy$4.00 ➝ $4.00
6/17/2024HC WainwrightReiterated RatingBuy ➝ Buy$4.00 ➝ $4.00
6/11/2024Cantor FitzgeraldInitiated CoverageOverweight ➝ Overweight$4.00 ➝ $5.00
6/4/2024HC WainwrightInitiated CoverageBuy$4.00
5/30/2024Stifel NicolausDowngradeSpeculative Buy ➝ Hold$3.25 ➝ $2.30
5/17/2024B. RileyLower TargetBuy ➝ Buy$4.00 ➝ $3.00
4/25/2024Northland SecuritiesInitiated CoverageOutperform$4.00
3/28/2024Cantor FitzgeraldReiterated RatingOverweight ➝ Overweight$4.00
3/26/2024HC WainwrightReiterated RatingBuy ➝ Buy$4.00
3/13/2024HC WainwrightReiterated RatingBuy ➝ Buy$4.00
1/25/2024Cantor FitzgeraldBoost TargetOverweight ➝ Overweight$2.00 ➝ $3.00
12/14/2023B. RileyReiterated RatingBuy$4.00
11/29/2023Cantor FitzgeraldReiterated RatingOverweight ➝ Overweight$2.00
11/29/2023HC WainwrightBoost TargetBuy ➝ Buy$3.00 ➝ $4.00
11/20/2023Cantor FitzgeraldReiterated RatingOverweight ➝ Overweight$2.00
11/8/2023Cantor FitzgeraldLower TargetOverweight ➝ Overweight$3.00 ➝ $2.00
9/25/2023Cantor FitzgeraldReiterated RatingOverweight ➝ Overweight$3.00
9/20/2023HC WainwrightReiterated RatingBuy ➝ Buy$3.00
9/5/2023Cantor FitzgeraldReiterated RatingOverweight ➝ Overweight$3.00
8/28/2023Cantor FitzgeraldReiterated RatingOverweight ➝ Overweight$3.00
8/9/2023HC WainwrightBoost TargetBuy ➝ Buy$2.00 ➝ $3.00
8/9/2023Compass PointBoost Target$4.50 ➝ $5.00
7/20/2023Cantor FitzgeraldReiterated RatingOverweight ➝ Overweight$3.00
7/20/2023Compass PointBoost Target$3.00 ➝ $4.50
6/6/2023Compass PointInitiated CoverageBuy
5/19/2023Cantor FitzgeraldInitiated CoverageOverweight$2.00
4/5/2023Stifel NicolausInitiated CoverageBuy
3/23/2023HC WainwrightLower Target$5.00 ➝ $2.00
2/3/2023HC WainwrightReiterated RatingBuy$5.00
8/16/2022HC WainwrightLower Target$7.00 ➝ $5.00
5/18/2022HC WainwrightLower TargetBuy$7.00
10/11/2021HC WainwrightReiterated RatingBuy$8.00
8/18/2021HC WainwrightReiterated RatingBuy
(Data available from 12/23/2019 forward)

News Sentiment Rating

0.66 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 12 very positive mentions
  • 10 positive mentions
  • 3 negative mentions
  • 1 very negative mentions
Mentions as of
5/27/2024
  • 23 very positive mentions
  • 17 positive mentions
  • 4 negative mentions
  • 2 very negative mentions
Mentions as of
6/26/2024
  • 14 very positive mentions
  • 11 positive mentions
  • 2 negative mentions
  • 3 very negative mentions
Mentions as of
7/26/2024
  • 10 very positive mentions
  • 19 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
8/25/2024
  • 5 very positive mentions
  • 10 positive mentions
  • 1 negative mentions
  • 2 very negative mentions
Mentions as of
9/24/2024
  • 5 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
10/24/2024
  • 7 very positive mentions
  • 22 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/23/2024
  • 8 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/23/2024

Current Sentiment

  • 8 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Bitfarms logo
Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. The company was founded in 2017 and is based in Toronto, Canada.
Read More

Today's Range

Now: $1.59
Low: $1.58
High: $1.68

50 Day Range

MA: $2.07
Low: $1.68
High: $2.69

52 Week Range

Now: $1.59
Low: $1.52
High: $3.91

Volume

11,218,028 shs

Average Volume

26,353,865 shs

Market Capitalization

$720.21 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

3.59

Frequently Asked Questions

What sell-side analysts currently cover shares of Bitfarms?

The following Wall Street research analysts have issued stock ratings on Bitfarms in the last year: Alliance Global Partners, B. Riley, Cantor Fitzgerald, HC Wainwright, Northland Securities, Stifel Canada, and Stifel Nicolaus.
View the latest analyst ratings for BITF.

What is the current price target for Bitfarms?

0 Wall Street analysts have set twelve-month price targets for Bitfarms in the last year. Their average twelve-month price target is $4.05, suggesting a possible upside of 141.1%. Alliance Global Partners has the highest price target set, predicting BITF will reach $6.00 in the next twelve months. Stifel Nicolaus has the lowest price target set, forecasting a price of $2.30 for Bitfarms in the next year.
View the latest price targets for BITF.

What is the current consensus analyst rating for Bitfarms?

Bitfarms currently has 1 hold rating and 5 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for BITF.

What other companies compete with Bitfarms?

Other companies that are similar to Bitfarms include Associated Banc, CleanSpark, Atlantic Union Bankshares, First Hawaiian and Intercorp Financial Services. Learn More about companies similar to Bitfarms.

How do I contact Bitfarms' investor relations team?

The company's listed phone number is 64-7259-1790 and its investor relations email address is [email protected]. The official website for Bitfarms is www.bitfarms.com. Learn More about contacing Bitfarms investor relations.