Bitfarms Ltd. (BITF)
NASDAQ: BITF · Real-Time Price · USD
1.680
-0.010 (-0.59%)
At close: Dec 20, 2024, 4:00 PM
1.705
+0.025 (1.49%)
After-hours: Dec 20, 2024, 7:59 PM EST
Bitfarms Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Bitfarms stock have an average target of 4.43, with a low estimate of 3.00 and a high estimate of 6.00. The average target predicts an increase of 163.69% from the current stock price of 1.68.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Bitfarms stock from 7 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 4 |
| Buy | 2 | 2 | 3 | 3 | 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 | 5 | 5 | 6 | 6 | 6 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Alliance Global Partners | Alliance Global Partners | Strong Buy Initiates $6 | Strong Buy | Initiates | $6 | +257.14% | Dec 4, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $4 | Strong Buy | Reiterates | $4 | +138.10% | Nov 14, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $5 | Buy | Reiterates | $5 | +197.62% | Oct 3, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $4 | Strong Buy | Reiterates | $4 | +138.10% | Sep 23, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $5 | Buy | Reiterates | $5 | +197.62% | Sep 3, 2024 |
Financial Forecast
Revenue This Year
212.81M
from 146.37M
Increased by 45.40%
Revenue Next Year
423.92M
from 212.81M
Increased by 99.20%
EPS This Year
-0.11
from -0.42
EPS Next Year
0.11
from -0.11
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 251.4M | 503.2M | 689.9M |
| Avg | 212.8M | 423.9M | 670.1M |
| Low | 179.8M | 312.5M | 643.9M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 71.8% | 136.5% | 62.7% |
| Avg | 45.4% | 99.2% | 58.1% |
| Low | 22.8% | 46.9% | 51.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.03 | 0.27 | 0.54 |
| Avg | -0.11 | 0.11 | 0.52 |
| Low | -0.20 | -0.03 | 0.50 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | 408.1% |
| Avg | - | - | 393.6% |
| Low | - | - | 374.2% |
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.