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Bitfarms - BITF Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: C$7.50
  • Forecasted Upside: 145.10%
  • Number of Analysts: 1
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
C$3.06 As of 10/30/2024 03:54 PM ET
▼ -0.06 (-1.92%)

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 C$7.50
▲ +145.10% Upside Potential
This price target is based on 1 analysts offering 12 month price targets for Bitfarms in the last 3 months. The average price target is C$7.50, with a high forecast of C$7.50 and a low forecast of C$7.50. The average price target represents a 145.10% upside from the last price of C$3.06.

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 Buy

The current consensus among 1 polled investment analysts is to buy stock in Bitfarms. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
5/9/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
8/7/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
11/5/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
2/3/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
5/3/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
8/1/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
9/30/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
10/30/2024

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
6/19/2024ATB CapitalBoost TargetOutperformC$5.00 ➝ C$7.50
4/1/2024ATB CapitalSet TargetOutperformC$6.50
5/18/2022HC WainwrightReiterated RatingBuyC$7.00
3/29/2022HC WainwrightReiterated RatingBuyC$10.00
(Data available from 10/30/2019 forward)

News Sentiment Rating

0.33 (Hold)

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
  • 2 very positive mentions
  • 19 positive mentions
  • 4 negative mentions
  • 0 very negative mentions
Mentions as of
4/3/2024
  • 2 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/3/2024
  • 1 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 3 very negative mentions
Mentions as of
6/2/2024
  • 2 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/2/2024
  • 3 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 3 very negative mentions
Mentions as of
8/1/2024
  • 6 very positive mentions
  • 7 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
8/31/2024
  • 3 very positive mentions
  • 13 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/30/2024
  • 0 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/30/2024

Current Sentiment

  • 0 very positive mentions
  • 4 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

  • No very positive mentions tracked during this time.
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: C$3.06
Low: C$3.01
High: C$3.18

50 Day Range

MA: C$2.78
Low: C$2.43
High: C$3.28

52 Week Range

Now: C$3.06
Low: C$1.37
High: C$5.25

Volume

2,450,967 shs

Average Volume

3,682,868 shs

Market Capitalization

C$1.39 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

3.2

Frequently Asked Questions

What sell-side analysts currently cover shares of Bitfarms?

The following sell-side analysts have issued stock ratings on Bitfarms in the last twelve months: ATB Capital.
View the latest analyst ratings for BITF.

What is the current price target for Bitfarms?

1 Wall Street analysts have set twelve-month price targets for Bitfarms in the last year. Their average twelve-month price target is C$7.50, suggesting a possible upside of 145.1%. ATB Capital has the highest price target set, predicting BITF will reach C$7.50 in the next twelve months. ATB Capital has the lowest price target set, forecasting a price of C$7.50 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 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe BITF will outperform the market and that investors should add to their positions of Bitfarms.
View the latest ratings for BITF.

What other companies compete with Bitfarms?

Other companies that are similar to Bitfarms include Boralex, Hut 8, Sprott, HIVE Digital Technologies and Westaim. Learn More about companies similar to Bitfarms.

How do I contact Bitfarms' investor relations team?

Bitfarms' physical mailing address is 18 King Street East, Suite 902, Toronto, ON M5C 1C4, Canada. The company's listed phone number is 647-259-1790. The official website for Bitfarms is www.bitfarms.com. Learn More about contacing Bitfarms investor relations.