Bit Digital, Inc. (BTBT)
NASDAQ: BTBT · Real-Time Price · USD
3.350
-0.040 (-1.18%)
At close: Dec 20, 2024, 4:00 PM
3.380
+0.030 (0.90%)
After-hours: Dec 20, 2024, 7:59 PM EST
Bit Digital Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Bit Digital stock have an average target of 6.33, with a low estimate of 6.00 and a high estimate of 7.00. The average target predicts an increase of 88.96% from the current stock price of 3.35.
Analyst Consensus: Strong Buy
* Price targets were last updated on Nov 19, 2024.
Analyst Ratings
The average analyst rating for Bit Digital 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 2 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| 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 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $7 | Strong Buy | Reiterates | $7 | +108.96% | Nov 19, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Initiates $6 | Strong Buy | Initiates | $6 | +79.10% | Oct 24, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $6 → $7 | Strong Buy | Maintains | $6 → $7 | +108.96% | Oct 16, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $6 | Strong Buy | Reiterates | $6 | +79.10% | Aug 21, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $6 | Strong Buy | Reiterates | $6 | +79.10% | Jul 12, 2024 |
Financial Forecast
Revenue This Year
115.28M
from 44.92M
Increased by 156.66%
Revenue Next Year
172.75M
from 115.28M
Increased by 49.85%
EPS This Year
0.24
from -0.16
EPS Next Year
0.14
from 0.24
Decreased by -40.52%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 138.6M | 206.3M | 300.0M |
| Avg | 115.3M | 172.8M | 291.4M |
| Low | 99.1M | 118.7M | 280.0M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 208.7% | 78.9% | 73.7% |
| Avg | 156.7% | 49.9% | 68.7% |
| Low | 120.7% | 2.9% | 62.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.40 | 0.38 | 0.43 |
| Avg | 0.24 | 0.14 | 0.42 |
| Low | -0.03 | -0.27 | 0.40 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 59.7% | 205.8% |
| Avg | - | -40.5% | 197.1% |
| Low | - | - | 185.5% |
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.