Bitfarms Ltd. (BITF)
NASDAQ: BITF · IEX Real-Time Price · USD
2.790
+0.120 (4.49%)
At close: Jul 19, 2024, 4:00 PM
2.880
+0.090 (3.23%)
Pre-market: Jul 22, 2024, 7:45 AM EDT
Bitfarms Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Bitfarms stock have an average target of 4.00, with a low estimate of 3.00 and a high estimate of 5.00. The average target predicts an increase of 43.37% from the current stock price of 2.79.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Bitfarms stock from 5 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 2 | 3 | 3 |
| Buy | 1 | 1 | 2 | 2 | 2 | 2 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 3 | 4 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $4 | Strong Buy | Reiterates | $4 | +43.37% | Jul 18, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $4 | Strong Buy | Reiterates | $4 | +43.37% | Jul 9, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $4 | Strong Buy | Reiterates | $4 | +43.37% | Jun 17, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Initiates $4 → $5 | Buy | Initiates | $4 → $5 | +79.21% | Jun 11, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Initiates $4 | Strong Buy | Initiates | $4 | +43.37% | Jun 4, 2024 |
Financial Forecast
Revenue This Year
280.63M
from 146.37M
Increased by 91.73%
Revenue Next Year
162.31M
from 280.63M
Decreased by -42.16%
EPS This Year
-0.06
from -0.40
EPS Next Year
-0.01
from -0.06
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 167.1M | 481.2M | 689.9M |
| Avg | 162.3M | 467.4M | 670.1M |
| Low | 156.0M | 449.1M | 643.9M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 14.2% | 196.5% | 47.6% |
| Avg | 10.9% | 188.0% | 43.4% |
| Low | 6.5% | 176.7% | 37.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.01 | 0.59 | 0.54 |
| Avg | -0.01 | 0.57 | 0.52 |
| Low | -0.01 | 0.55 | 0.50 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | -6.2% |
| Avg | - | - | -8.9% |
| Low | - | - | -12.5% |
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.