Bit Digital, Inc. (BTBT)
NASDAQ: BTBT · Real-Time Price · USD
4.097
+0.047 (1.17%)
Nov 21, 2024, 2:28 PM EST - Market open
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 54.49% from the current stock price of 4.10.
Analyst Consensus: Strong Buy
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 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 | 2 | 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 | +70.84% | Nov 19, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Initiates $6 | Strong Buy | Initiates | $6 | +46.44% | Oct 24, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $6 → $7 | Strong Buy | Maintains | $6 → $7 | +70.84% | Oct 16, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $6 | Strong Buy | Reiterates | $6 | +46.44% | Aug 21, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $6 | Strong Buy | Reiterates | $6 | +46.44% | Jul 12, 2024 |
Financial Forecast
Revenue This Year
120.77M
from 44.92M
Increased by 168.88%
Revenue Next Year
170.90M
from 120.77M
Increased by 41.51%
EPS This Year
0.29
from -0.16
EPS Next Year
0.15
from 0.29
Decreased by -48.95%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 138.6M | 212.6M | 316.8M |
| Avg | 120.8M | 170.9M | 307.7M |
| Low | 104.3M | 99.6M | 295.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 208.7% | 76.1% | 85.4% |
| Avg | 168.9% | 41.5% | 80.1% |
| Low | 132.1% | -17.6% | 73.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.40 | 0.38 | 0.53 |
| Avg | 0.29 | 0.15 | 0.51 |
| Low | 0.22 | -0.21 | 0.49 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 29.6% | 252.5% |
| Avg | - | -49.0% | 242.5% |
| Low | - | - | 229.0% |
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.