Bitfarms Ltd. (BITF)
NASDAQ: BITF · IEX Real-Time Price · USD
1.810
-0.100 (-5.24%)
At close: Apr 12, 2024, 4:00 PM
1.830
+0.020 (1.10%)
After-hours: Apr 12, 2024, 6:05 PM EDT

Bitfarms Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Bitfarms stock have an average target of 4.00, which predicts an increase of 120.99% from the current stock price of 1.81.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $4.00 $4.00 $4.00 $4.00
Change +120.99% +120.99% +120.99% +120.99%

Analyst Ratings

The average analyst rating for Bitfarms stock from 2 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 Nov '23Dec '23Jan '24Feb '24Mar '24Apr '24
Strong Buy 111111
Buy 111111
Hold 000000
Sell 000000
Strong Sell 000000
Total 222222

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Cantor Fitzgerald
Cantor Fitzgerald
Buy
Reiterates
$4
Buy Reiterates $4 +120.99% Apr 1, 2024
Cantor Fitzgerald
Cantor Fitzgerald
Buy
Reiterates
$4
Buy Reiterates $4 +120.99% Mar 28, 2024
HC Wainwright & Co.
HC Wainwright & Co.
Strong Buy
Reiterates
$4
Strong Buy Reiterates $4 +120.99% Mar 26, 2024
HC Wainwright & Co.
HC Wainwright & Co.
Strong Buy
Reiterates
n/a
Strong Buy Reiterates n/a n/a Mar 13, 2024
Cantor Fitzgerald
Cantor Fitzgerald
Buy
Maintains
$3$4
Buy Maintains $3$4 +120.99% Mar 8, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
232.16M
from 146.37M
Increased by 58.62%
Revenue Next Year
162.31M
from 232.16M
Decreased by -30.09%
EPS This Year
0.17
from -0.40
EPS Next Year
-0.01
from 0.17
Year 20192020202120222023202420242025
Revenue
32.42M34.70M169.49M142.43M146.37M232.16M162.31M467.43M
Revenue Growth
-7.04%388.40%-15.97%2.76%58.62%-30.09%187.99%
EPS
0.04-0.190.13-0.85-0.400.17-0.010.57
EPS Growth
--------
No. Analysts -----343
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025
High 167.1M 481.2M
Avg 162.3M 467.4M
Low 156.0M 449.1M

Revenue Growth

Revenue Growth 20242025
High
14.2%
196.5%
Avg
10.9%
188.0%
Low
6.5%
176.7%

EPS Forecast

EPS 20242025
High -0.01 0.59
Avg -0.01 0.57
Low -0.01 0.55

EPS Growth

EPS Growth 20242025
High - -
Avg - -
Low - -
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.