Bitdeer Technologies Group (NASDAQ:BTDR) Given New $23.00 Price Target at B. Riley Financial

Bitdeer Technologies Group (NASDAQ:BTDR) had its price target lifted by B. Riley Financial from $22.00 to $23.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also issued reports on BTDR. UBS Group reaffirmed a “buy” rating on shares of Bitdeer Technologies Group in a report on Thursday, February 12th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $14.00 price target (down from $26.50) on shares of Bitdeer Technologies Group in a report on Tuesday, January 27th. Needham & Company LLC lifted their price target on shares of Bitdeer Technologies Group from $18.00 to $19.00 and gave the company a “buy” rating in a report on Friday. BTIG Research restated a “buy” rating on shares of Bitdeer Technologies Group in a research report on Friday, January 16th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Bitdeer Technologies Group in a research report on Monday, April 20th. Nine analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Bitdeer Technologies Group currently has an average rating of “Moderate Buy” and an average target price of $24.50.

Bitdeer Technologies Group Price Performance

Shares of NASDAQ:BTDR opened at $13.35 on Friday. The firm has a 50 day moving average of $10.47 and a 200-day moving average of $11.99. The stock has a market capitalization of $3.14 billion, a PE ratio of -3.87 and a beta of 2.32. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.28. Bitdeer Technologies Group has a 12 month low of $6.92 and a 12 month high of $27.80.

Bitdeer Technologies Group (NASDAQ:BTDR) last issued its earnings results on Thursday, May 14th. The company reported ($0.68) EPS for the quarter, missing the consensus estimate of ($0.47) by ($0.21). The firm had revenue of $188.93 million during the quarter, compared to analyst estimates of $184.02 million. Bitdeer Technologies Group had a negative net margin of 68.11% and a negative return on equity of 70.29%. Bitdeer Technologies Group’s quarterly revenue was up 169.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.37) earnings per share. On average, equities research analysts predict that Bitdeer Technologies Group will post -1.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BTDR. Goldman Sachs Group Inc. boosted its stake in Bitdeer Technologies Group by 167.6% during the first quarter. Goldman Sachs Group Inc. now owns 483,022 shares of the company’s stock worth $4,265,000 after acquiring an additional 302,548 shares in the last quarter. Legal & General Group Plc boosted its stake in Bitdeer Technologies Group by 39.0% during the second quarter. Legal & General Group Plc now owns 73,541 shares of the company’s stock worth $844,000 after acquiring an additional 20,640 shares in the last quarter. New York State Common Retirement Fund bought a new position in Bitdeer Technologies Group during the second quarter worth $326,000. Invesco Ltd. boosted its stake in Bitdeer Technologies Group by 169.0% during the second quarter. Invesco Ltd. now owns 71,822 shares of the company’s stock worth $825,000 after acquiring an additional 45,120 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in Bitdeer Technologies Group during the second quarter worth $1,558,000. 22.25% of the stock is owned by institutional investors.

Key Bitdeer Technologies Group News

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

• Positive Sentiment: B. Riley Financial raised its price target to $23 and reiterated a buy rating, implying substantial upside from current levels. B. Riley price target increase article
• Positive Sentiment: Rosenblatt Securities lifted its target to $25 and kept a buy rating, signaling continued confidence in Bitdeer’s growth story. Rosenblatt price target increase article
• Positive Sentiment: Needham & Company and Cantor Fitzgerald also raised targets, reflecting improved analyst expectations after the quarter. Needham and Cantor price target increase article
• Neutral Sentiment: Bitdeer’s revenue surged year over year, but profitability remains uneven, leaving investors focused on whether growth can translate into better earnings. Q1 2026 financial results
• Negative Sentiment: The EPS miss suggests costs and margin pressure are still weighing on results, which can pressure the stock despite revenue strength. Bitdeer falls short of first-quarter expectations despite revenue surge

Bitdeer Technologies Group Company Profile

Bitdeer Technologies Group Inc (NASDAQ:BTDR) is a global digital asset mining and computing services provider focused on delivering secure and efficient hashrate solutions to institutional and retail customers. The company leverages its proprietary mining platform to offer hosted mining, hashrate sales and management services, enabling clients to access large-scale mining operations without direct investment in hardware or infrastructure.

Bitdeer’s core offerings include mining hosting services, whereby the firm installs, operates and maintains specialized mining equipment on behalf of customers, and hashrate-as-a-service products that provide fixed-capacity mining power with transparent pricing structures.