Bitdeer Technologies Group (NASDAQ:BTDR) Price Target Raised to $17.00

Bitdeer Technologies Group (NASDAQ:BTDR) had its target price upped by Barclays from $15.00 to $17.00 in a report released on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other analysts have also commented on the company. Rosenblatt Securities reiterated a “buy” rating and set a $25.00 price target on shares of Bitdeer Technologies Group in a report on Tuesday, September 15th. HC Wainwright reissued a “buy” rating on shares of Bitdeer Technologies Group in a research report on Friday, October 2nd. B. Riley Financial reduced their price objective on Bitdeer Technologies Group from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Citizens Jmp began coverage on Bitdeer Technologies Group in a research note on Wednesday, June 24th. They issued a “market outperform” rating and a $35.00 price objective for the company. Finally, Cantor Fitzgerald raised Bitdeer Technologies Group from a “neutral” rating to an “overweight” rating and raised their target price for the company from $15.00 to $18.00 in a research report on Wednesday, August 5th. Eleven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Bitdeer Technologies Group has a consensus rating of “Moderate Buy” and an average price target of $23.45.

Bitdeer Technologies Group Price Performance

Bitdeer Technologies Group stock opened at $9.63 on Friday. Bitdeer Technologies Group has a 52 week low of $6.92 and a 52 week high of $27.80. The company’s 50 day moving average price is $10.93 and its two-hundred day moving average price is $12.58. The stock has a market cap of $2.19 billion, a P/E ratio of -3.15 and a beta of 2.56. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.20.

Bitdeer Technologies Group (NASDAQ:BTDR) last announced its earnings results on Tuesday, June 30th. The company reported ($0.37) earnings per share for the quarter. The business had revenue of $228.78 million during the quarter. Bitdeer Technologies Group had a negative return on equity of 54.72% and a negative net margin of 55.15%. On average, equities analysts predict that Bitdeer Technologies Group will post -1.68 earnings per share for the current year.

Insider Transactions at Bitdeer Technologies Group

In related news, insider Haris Basit bought 25,000 shares of Bitdeer Technologies Group stock in a transaction dated Friday, August 14th. The stock was purchased at an average cost of $8.84 per share, with a total value of $221,000.00. Following the transaction, the insider directly owned 35,000 shares of the company’s stock, valued at approximately $309,400. The trade was a 250.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael G. Potter purchased 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were bought at an average price of $9.04 per share, with a total value of $226,000.00. Following the purchase, the chief financial officer owned 25,000 shares in the company, valued at $226,000. The trade was a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information.

Institutional Investors Weigh In On Bitdeer Technologies Group

A number of hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in Bitdeer Technologies Group by 57.3% during the second quarter. GAMMA Investing LLC now owns 2,476 shares of the company’s stock valued at $39,000 after purchasing an additional 902 shares during the period. The Manufacturers Life Insurance Company increased its position in Bitdeer Technologies Group by 9.5% in the first quarter. The Manufacturers Life Insurance Company now owns 33,940 shares of the company’s stock worth $294,000 after buying an additional 2,950 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Bitdeer Technologies Group in the second quarter worth $66,000. Royal Bank of Canada raised its stake in shares of Bitdeer Technologies Group by 80.2% in the first quarter. Royal Bank of Canada now owns 9,548 shares of the company’s stock valued at $83,000 after buying an additional 4,250 shares during the period. Finally, CI Investments Inc. raised its stake in shares of Bitdeer Technologies Group by 40.5% in the first quarter. CI Investments Inc. now owns 15,424 shares of the company’s stock valued at $133,000 after buying an additional 4,447 shares during the period. Institutional investors own 22.25% of the company’s stock.

Key Headlines Impacting Bitdeer Technologies Group

Here are the key news stories impacting Bitdeer Technologies Group this week:

• Positive Sentiment: Barclays raised its price target to $17 from $15 and reiterated an “overweight” rating. The new target implies substantial upside from the recent share price and reinforces bullish expectations for Bitdeer’s AI Cloud growth. Benzinga analyst price target report
• Positive Sentiment: Bitdeer AI signed a 10-year agreement for a 67MW data center campus in Malaysia. The A901 facility is expected to begin delivering capacity in the first quarter of 2027 and expand Bitdeer’s secured AI Cloud capacity to approximately 273.5MW, or 78% of its 350MW target for early 2028. Management also cited an AI Cloud opportunity pipeline exceeding $10 billion and plans to deploy liquid-cooled NVIDIA systems. Bitdeer AI Malaysia expansion announcement
• Positive Sentiment: The company launched a new $100 million share repurchase program. Buybacks may support the stock by signaling management confidence and reducing the number of shares outstanding. Bitdeer $100 million repurchase program
• Neutral Sentiment: Investors should distinguish secured capacity from actual revenue. Bitdeer said A901 has no offtake commitments yet, while the $10 billion pipeline represents potential opportunities rather than signed contracts or backlog. Construction, approvals, power availability, equipment delivery and financing could affect timing and returns.
• Negative Sentiment: Bitdeer issued a notice to disregard an earlier 60MW A103 announcement. The corrected 67MW A901 announcement is the operative update, but the reversal may create uncertainty around the company’s communications and expansion timeline. Bitdeer notice to disregard

Bitdeer Technologies Group Company Profile

Bitdeer Technologies Group is a Singapore-based technology company focused on cryptocurrency mining and high-performance computing. The company operates an integrated platform that includes digital asset mining, mining-machine hosting and hash-rate sharing services for institutional and individual customers.

Bitdeer also develops proprietary cryptocurrency-mining hardware under the SEALMINER brand. Its activities span the design, production and deployment of application-specific integrated circuit (ASIC) mining machines, as well as the operation of data centers that support its own mining activities and hosting customers.

The company operates data-center and mining infrastructure across multiple international markets, including North America, Europe and Asia.