Bitfarms Ltd. (BITF)
NASDAQ: BITF · IEX Real-Time Price · USD
1.960
-0.045 (-2.24%)
At close: Apr 26, 2024, 4:00 PM
1.950
-0.010 (-0.51%)
After-hours: Apr 26, 2024, 7:58 PM EDT
Bitfarms Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Bitfarms stock have an average target of 4.00, which predicts an increase of 104.08% from the current stock price of 1.96.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Bitfarms stock from 3 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 '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 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 | 2 | 2 | 2 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Northland Capital Markets | Northland Capital Markets | Buy Initiates $4 | Buy | Initiates | $4 | +104.08% | Apr 25, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $4 | Buy | Reiterates | $4 | +104.08% | Apr 1, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $4 | Buy | Reiterates | $4 | +104.08% | Mar 28, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $4 | Strong Buy | Reiterates | $4 | +104.08% | Mar 26, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates n/a | Strong Buy | Reiterates | n/a | n/a | Mar 13, 2024 |
Financial Forecast
Revenue This Year
224.66M
from 146.37M
Increased by 53.49%
Revenue Next Year
162.31M
from 224.66M
Decreased by -27.75%
EPS This Year
0.06
from -0.40
EPS Next Year
-0.01
from 0.06
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 167.1M | 481.2M |
| Avg | 162.3M | 467.4M |
| Low | 156.0M | 449.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 14.2% | 196.5% |
| Avg | 10.9% | 188.0% |
| Low | 6.5% | 176.7% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | -0.01 | 0.59 |
| Avg | -0.01 | 0.57 |
| Low | -0.01 | 0.55 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| 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.