Stock Track | Bitdeer Technologies Group Soars 5.7% as B. Riley Raises Price Target to $24

Stock Track12-19 22:33

Bitdeer Technologies Group (BTDR) shares surged 5.7% in intraday trading on Thursday, outperforming the broader market. The rally came after B. Riley raised its price target for the company to $24 from $15, while maintaining a "Buy" rating on the stock.

According to analysts polled by FactSet, Bitdeer Technologies Group currently has an average rating of "Buy" and a mean price target of $23.12, implying an upside potential of over 30% from its current levels.

The bullish analyst sentiment reflects optimism around Bitdeer's prospects in the cryptocurrency mining industry. As a leading mining operator, the company is well-positioned to benefit from the growing demand for digital assets and the increasing adoption of blockchain technology.

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Riley Raises Price Target to $24\n</h2>\n\n<h4 class=\"meta\">\n\n2024-12-19 22:33 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitdeer Technologies Group (BTDR) shares surged 5.7% in intraday trading on Thursday, outperforming the broader market. The rally came after B. 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