Bitdeer Technologies Group (NASDAQ:BTDR) Stock Price Target Cut by Needham & Company LLC

Bitdeer Technologies Group (NASDAQ:BTDR) had its price target dropped by equities research analysts at Needham & Company LLC from $20.00 to $18.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC‘s price objective would suggest a potential upside of 180.81% from the company’s current price.

BTDR has been the topic of a number of other reports. HC Wainwright restated a “buy” rating on shares of Bitdeer Technologies Group in a research report on Friday, October 2nd. Rosenblatt Securities reiterated a “buy” rating and issued a $25.00 price objective on shares of Bitdeer Technologies Group in a research report on Tuesday, September 15th. Benchmark reissued a “buy” rating on shares of Bitdeer Technologies Group in a research note on Tuesday, August 11th. Wall Street Zen upgraded Bitdeer Technologies Group from a “strong sell” rating to a “sell” rating in a report on Saturday, October 31st. Finally, Keefe, Bruyette & Woods decreased their target price on Bitdeer Technologies Group from $14.00 to $10.00 and set a “market perform” rating on the stock in a report on Thursday, August 13th. Ten equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Bitdeer Technologies Group currently has a consensus rating of “Moderate Buy” and an average price target of $21.40.

Bitdeer Technologies Group Price Performance

NASDAQ:BTDR opened at $6.41 on Wednesday. The firm has a market cap of $1.46 billion, a PE ratio of -2.09 and a beta of 2.72. Bitdeer Technologies Group has a 12 month low of $5.03 and a 12 month high of $20.72. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.20. The company’s 50-day moving average price is $9.62 and its two-hundred day moving average price is $11.43.

Bitdeer Technologies Group (NASDAQ:BTDR) last issued its quarterly earnings data on Tuesday, November 10th. The company reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.13). Bitdeer Technologies Group had a negative return on equity of 54.72% and a negative net margin of 55.15%. The firm had revenue of $320.75 million for the quarter, compared to the consensus estimate of $258.18 million. During the same period in the prior year, the company posted ($1.28) earnings per share. Bitdeer Technologies Group’s quarterly revenue was up 89.0% compared to the same quarter last year. On average, equities analysts anticipate that Bitdeer Technologies Group will post -1.68 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Haris Basit bought 25,000 shares of the stock in a transaction dated Friday, August 14th. The stock was bought at an average cost of $8.84 per share, with a total value of $221,000.00. Following the purchase, the insider owned 35,000 shares of the company’s stock, valued at approximately $309,400. This represents a 250.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

Hedge Funds Weigh In On Bitdeer Technologies Group

Hedge funds have recently added to or reduced their stakes in the company. Funde Sino Life Insurance Co Ltd bought a new stake in Bitdeer Technologies Group during the 3rd quarter worth about $109,795,000. Situational Awareness LP raised its stake in shares of Bitdeer Technologies Group by 92.4% during the first quarter. Situational Awareness LP now owns 3,439,450 shares of the company’s stock worth $29,751,000 after buying an additional 1,651,450 shares during the last quarter. Bank of America Corp DE lifted its holdings in Bitdeer Technologies Group by 1,366.7% in the first quarter. Bank of America Corp DE now owns 3,227,585 shares of the company’s stock valued at $27,919,000 after buying an additional 3,007,523 shares during the period. Yong Rong HK Asset Management Ltd acquired a new position in Bitdeer Technologies Group in the third quarter valued at approximately $22,029,000. Finally, Bank of Nova Scotia lifted its holdings in Bitdeer Technologies Group by 91.1% in the first quarter. Bank of Nova Scotia now owns 1,369,447 shares of the company’s stock valued at $11,846,000 after buying an additional 652,874 shares during the period. Institutional investors own 22.25% of the company’s stock.

Key Bitdeer Technologies Group News

Here are the key news stories impacting Bitdeer Technologies Group this week:

• Positive Sentiment: Q3 revenue reached a record $320.7 million, up 89% year over year and above the roughly $258 million consensus estimate. Adjusted EBITDA increased 173% to $69.6 million, showing strong growth in the quarter. Bitdeer Q3 2026 results
• Positive Sentiment: Management said crypto-mining infrastructure capex is expected to be at or below $200 million, while the first phase of the Tydal project remains on schedule for year-end delivery. Cost discipline and execution could support growth without an open-ended increase in spending. Capex and Tydal update
• Neutral Sentiment: Traders bought substantially more BTDR call options than usual, indicating increased options-market activity that may reflect bullish positioning, but it does not establish a lasting change in sentiment. BTDR call-option trading
• Negative Sentiment: Bitdeer reported a Q3 loss of $0.46 per share, missing analysts’ expected loss of $0.33. Although the loss improved from $1.28 per share a year earlier, the miss—and the company’s negative net margin—may help explain why strong revenue growth did not translate into a more favorable stock reaction. Bitdeer Q3 earnings

Bitdeer Technologies Group Company Profile

Bitdeer Technologies Group is a technology company focused on cryptocurrency mining and related infrastructure. Its business includes operating mining data centers, mining digital assets for its own account, and providing hosting services that allow customers to deploy and operate mining equipment. The company also develops and sells cryptocurrency mining machines and offers cloud hash rate services, which provide customers access to computing capacity for mining without requiring them to operate the equipment themselves.