Bitfarms Ltd. (BITF)
NASDAQ: BITF · Real-Time Price · USD
1.730
-0.130 (-6.99%)
At close: Nov 4, 2024, 4:00 PM
1.780
+0.050 (2.89%)
Pre-market: Nov 5, 2024, 9:24 AM EST
Bitfarms Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Bitfarms stock have an average target of 4.17, with a low estimate of 3.00 and a high estimate of 5.00. The average target predicts an increase of 141.04% from the current stock price of 1.73.
Analyst Consensus: Strong Buy
* Price targets were last updated on Oct 3, 2024.
Analyst Ratings
The average analyst rating for Bitfarms stock from 6 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 3 | 3 | 3 | 3 | 3 |
| Buy | 2 | 2 | 2 | 2 | 3 | 3 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 5 | 5 | 5 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $5 | Buy | Reiterates | $5 | +189.02% | Oct 3, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $4 | Strong Buy | Reiterates | $4 | +131.21% | Sep 23, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $5 | Buy | Reiterates | $5 | +189.02% | Sep 3, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $4 | Strong Buy | Reiterates | $4 | +131.21% | Aug 22, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $4 | Strong Buy | Reiterates | $4 | +131.21% | Aug 12, 2024 |
Financial Forecast
Revenue This Year
229.15M
from 146.37M
Increased by 56.56%
Revenue Next Year
507.32M
from 229.15M
Increased by 121.39%
EPS This Year
-0.09
from -0.40
EPS Next Year
0.15
from -0.09
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 251.4M | 643.2M | 689.9M |
| Avg | 229.2M | 507.3M | 670.1M |
| Low | 204.2M | 392.3M | 643.9M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 71.8% | 180.7% | 36.0% |
| Avg | 56.6% | 121.4% | 32.1% |
| Low | 39.5% | 71.2% | 26.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.03 | 0.27 | 0.54 |
| Avg | -0.09 | 0.15 | 0.52 |
| Low | -0.20 | 0.09 | 0.50 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | 250.0% |
| Avg | - | - | 240.0% |
| Low | - | - | 226.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.