Bitdeer Technologies Group has seen a notable increase of 6.54% in regular trading, reaching a 5-day high. This rise comes despite the broader market context where Bitcoin is experiencing significant downward pressure, currently trading below the $90,000 mark.
The recent news highlights that Bitcoin-related stocks, including Bitdeer Technologies, are facing declining momentum scores due to investor concerns surrounding Bitcoin's price correction. Bitdeer's momentum score has dropped significantly, reflecting the volatility in the cryptocurrency market.
Despite these challenges, Bitdeer Technologies Group's stock has managed to outperform the Nasdaq-100 and S&P 500 indices, which are up 0.94% and 0.78% respectively. This suggests that the company's stock is benefiting from specific technical factors and market dynamics, even as the cryptocurrency sector faces headwinds.
Wall Street analysts forecast BTDR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTDR is 32.60 USD with a low forecast of 25.00 USD and a high forecast of 40.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
Wall Street analysts forecast BTDR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTDR is 32.60 USD with a low forecast of 25.00 USD and a high forecast of 40.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Buy
0 Hold
0 Sell
Strong Buy
Current: 13.900
Low
25.00
Averages
32.60
High
40.00
Current: 13.900
Low
25.00
Averages
32.60
High
40.00
Keefe Bruyette
Outperform -> Market Perform
downgrade
$14
2026-01-26
New
Reason
Keefe Bruyette
Price Target
$14
AI Analysis
2026-01-26
New
downgrade
Outperform -> Market Perform
Reason
Keefe Bruyette downgraded Bitdeer to Market Perform from Outperform with a price target of $14, down from $26.50.
Keefe Bruyette
Outperform -> Market Perform
downgrade
$14
2026-01-26
New
Reason
Keefe Bruyette
Price Target
$14
2026-01-26
New
downgrade
Outperform -> Market Perform
Reason
Keefe Bruyette downgraded Bitdeer to Market Perform from Outperform with a price target of $14, down from $26.50. The firm says the company's emphasis on AI cloud "adds uncertainty" to its value creation potential given the business's small scale today and limited clarity on U.S. and European expansion. Bitdeer is well positioned to become the leading public miner by the end of 2026, but mining remains a lower EBITDA multiple business, the analyst tells investors in a research note.
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B. Riley
Nick Giles
Buy
downgrade
$32 -> $29
2025-11-12
Reason
B. Riley
Nick Giles
Price Target
$32 -> $29
2025-11-12
downgrade
Buy
Reason
B. Riley analyst Nick Giles lowered the firm's price target on Bitdeer to $29 from $32 and keeps a Buy rating on the shares. B. Riley remains constructive on Bitdeer following the Q3 earnings report, with key catalysts including mass production of the first-generation A4 chip in 1Q26 and any potential HPC/AI contract announcements or GPU procurement updates, the analyst tells investors in a research note.
Rosenblatt
Kevin Cassidy
Buy
maintain
$20 -> $30
2025-11-11
Reason
Rosenblatt
Kevin Cassidy
Price Target
$20 -> $30
2025-11-11
maintain
Buy
Reason
Rosenblatt analyst Kevin Cassidy raised the firm's price target on Bitdeer to $30 from $20 and keeps a Buy rating on the shares after the company beat Q3 consensus revenue estimates as bitcoin self-mining revenue increased 315% year-over-year and 120% quarter-over-quarter. The firm sees the company as both increasing its power capacity and diversifying its revenue sources through 2026, the analyst tells investors.
About BTDR
Bitdeer Technologies Group is a technology company for blockchain. It provides computing solutions for customers. The Company handles processes involved in computing, such as equipment procurement, transport logistics, datacenter design and construction, and equipment management. It primarily operates three business lines, namely self-mining, hash rate sharing, and hosting. Self-mining refers to cryptocurrency mining for its own account, which allows it to directly capture the high appreciation potential of cryptocurrency. It offers two types of hash rate sharing solutions, namely Cloud Hash Rate and Hash Rate Marketplace. Through Cloud Hash Rate, the Company sells its hash rate to customers. It offers hash rate subscription plans at a fixed price and shares mining income with them under certain arrangements. Its hosting services offer customers one-stop mining rig hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
