Bitfarms (BITF) Stock Forecast, Price Target & Predictions
BITF Stock Forecast
Bitfarms stock forecast is as follows: an average price target of $4.26 (represents a 153.57% upside from BITF’s last price of $1.68) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.
BITF Price Target
The average price target for Bitfarms (BITF) is $4.26 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $6.00 to $2.30. This represents a potential 153.57% upside from BITF's last price of $1.68.
BITF Analyst Ratings
According to 5 Wall Street analysts, Bitfarms's rating consensus is 'Buy'. The analyst rating breakdown for BITF stock is 0 'Strong Buy' (0.00%), 5 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Bitfarms Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jun 10, 2024 | Brett Knoblauch | Cantor Fitzgerald | $5.00 | $2.30 | 117.39% | 197.62% |
| Jun 04, 2024 | Mike Colonnese | H.C. Wainwright | $4.00 | $2.33 | 71.67% | 138.10% |
| May 29, 2024 | Bill Papanastasiou | Stifel Nicolaus | $2.30 | $2.18 | 5.50% | 36.90% |
| May 21, 2024 | Joe Flynn | Compass Point | $6.00 | $1.89 | 217.46% | 257.14% |
| Apr 25, 2024 | Mike Grondahl | Northland Securities | $4.00 | $1.98 | 102.02% | 138.10% |
The latest Bitfarms stock forecast, released on Jun 10, 2024 by Brett Knoblauch from Cantor Fitzgerald, set a price target of $5.00, which represents a 117.39% increase from the stock price at the time of the forecast ($2.30), and a 197.62% increase from BITF last price ($1.68).
Bitfarms Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 5 |
| Avg Price Target | - | - | $4.26 |
| Last Closing Price | $1.68 | $1.68 | $1.68 |
| Upside/Downside | -100.00% | -100.00% | 153.57% |
In the current month, the average price target of Bitfarms stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Bitfarms's last price of $1.68. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 23, 2024 | H.C. Wainwright | Buy | Buy | Hold |
| Jul 19, 2024 | H.C. Wainwright | Buy | Buy | Hold |
| Jun 17, 2024 | H.C. Wainwright | Buy | Buy | Hold |
| May 21, 2024 | Compass Point | Buy | Buy | Hold |
| May 17, 2024 | B. Riley | Buy | Buy | Hold |
| Apr 01, 2024 | ATB Capital | Outperform | Initialise | |
| Nov 29, 2023 | Barclays | Buy | Buy | Hold |
Bitfarms's last stock rating was published by H.C. Wainwright on Sep 23, 2024. The company gave BITF a "Buy" rating, the same as its previous rate.
Bitfarms Financial Forecast
Bitfarms Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $34.60M | $35.48M | $30.64M | $-1.53M | $-11.08M | $-36.06M | $40.30M | $59.46M | $44.60M | $36.73M | $28.41M | $11.39M |
| Avg Forecast | $174.70M | $165.76M | $150.35M | $141.41M | $140.15M | $125.94M | $103.73M | $81.13M | $58.95M | $46.28M | $44.62M | $50.95M | $43.08M | $34.24M | $34.60M | $29.60M | $25.60M | $37.60M | $48.30M | $39.60M | $62.60M | $46.60M | $22.70M | $24.00M | $9.40M |
| High Forecast | $221.33M | $210.00M | $190.48M | $179.15M | $177.55M | $159.55M | $131.41M | $90.82M | $67.09M | $58.63M | $44.62M | $50.95M | $46.53M | $34.30M | $43.83M | $37.50M | $32.43M | $37.60M | $48.30M | $39.60M | $62.60M | $46.60M | $22.70M | $24.00M | $9.40M |
| Low Forecast | $136.94M | $129.94M | $117.85M | $110.85M | $109.86M | $98.72M | $81.31M | $67.27M | $50.08M | $36.28M | $44.62M | $50.95M | $39.63M | $34.18M | $27.12M | $23.20M | $20.07M | $37.60M | $48.30M | $39.60M | $62.60M | $46.60M | $22.70M | $24.00M | $9.40M |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 2 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 1 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.03% | 1.04% | -0.06% | -0.29% | -0.75% | 1.02% | 0.95% | 0.96% | 1.62% | 1.18% | 1.21% |
Bitfarms's average Quarter revenue forecast for Dec 23 based on 3 analysts is $43.08M, with a low forecast of $39.63M, and a high forecast of $46.53M. BITF's average Quarter revenue forecast represents a 24.52% increase compared to the company's last Quarter revenue of $34.60M (Sep 23).
Bitfarms EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 2 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 1 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.45M | $5.00M | $6.34M | $-38.66M | $5.77M | $-138.67M | $16.94M | $29.06M | $41.76M | $2.75M | $-27.35M | $-8.45M |
| Avg Forecast | $58.33M | $55.35M | $50.20M | $47.21M | $46.79M | $42.05M | $34.63M | $27.09M | $19.68M | $15.45M | $14.90M | $17.01M | $14.38M | $11.43M | $11.55M | $9.88M | $8.55M | $13.85M | $17.79M | $14.59M | $23.06M | $17.17M | $8.36M | $8.84M | $3.46M |
| High Forecast | $73.90M | $70.12M | $63.60M | $59.82M | $59.28M | $53.27M | $43.88M | $30.33M | $22.40M | $19.58M | $14.90M | $17.01M | $15.54M | $11.45M | $14.64M | $12.52M | $10.83M | $13.85M | $17.79M | $14.59M | $23.06M | $17.17M | $8.36M | $8.84M | $3.46M |
| Low Forecast | $45.72M | $43.38M | $39.35M | $37.01M | $36.68M | $32.96M | $27.15M | $22.46M | $16.72M | $12.11M | $14.90M | $17.01M | $13.23M | $11.41M | $9.06M | $7.75M | $6.70M | $13.85M | $17.79M | $14.59M | $23.06M | $17.17M | $8.36M | $8.84M | $3.46M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.21% | 0.43% | 0.64% | -4.52% | 0.42% | -7.79% | 1.16% | 1.26% | 2.43% | 0.33% | -3.09% | -2.44% |
3 analysts predict BITF's average Quarter EBITDA for Dec 23 to be $14.38M, with a high of $15.54M and a low of $13.23M. This is 487.81% upper than Bitfarms's previous annual EBITDA (Sep 23) of $2.45M.
Bitfarms Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 2 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 1 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $-18.70M | $-24.89M | $-2.48M | $-16.84M | $-84.81M | $-141.92M | $4.52M | $9.68M | $23.73M | $-3.67M | $-7.61M | $-5.37M |
| Avg Forecast | - | - | - | - | $23.93M | $17.20M | $7.48M | $-2.24M | $-9.34M | $-35.90M | $-48.63M | $-8.08M | $-9.06M | $-23.93M | $-23.93M | $-11.22M | $-35.90M | $-8.02M | $20.06M | $16.05M | $52.16M | $80.25M | $24.07M | $32.10M | $-8.02M |
| High Forecast | - | - | - | - | $32.23M | $23.17M | $10.07M | $-1.50M | $-9.14M | $-25.81M | $-34.97M | $-5.81M | $-8.87M | $-17.21M | $-17.21M | $-8.07M | $-25.81M | $-8.02M | $20.06M | $16.05M | $52.16M | $80.25M | $24.07M | $32.10M | $-8.02M |
| Low Forecast | - | - | - | - | $17.21M | $12.37M | $5.38M | $-2.99M | $-9.54M | $-48.35M | $-65.50M | $-10.88M | $-9.25M | $-32.23M | $-32.23M | $-15.11M | $-48.35M | $-8.02M | $20.06M | $16.05M | $52.16M | $80.25M | $24.07M | $32.10M | $-8.02M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.78% | 1.04% | 0.22% | 0.47% | 10.57% | -7.07% | 0.28% | 0.19% | 0.30% | -0.15% | -0.24% | 0.67% |
Bitfarms's average Quarter net income forecast for Jun 22 is $20.06M, with a range of $20.06M to $20.06M. BITF's average Quarter net income forecast represents a 343.95% increase compared to the company's last Quarter net income of $4.52M (Mar 22).
Bitfarms SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 2 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 1 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $8.37M | $9.15M | $3.20M | $11.97M | $4.20M | $5.50M | $6.18M | $4.94M | $3.33M | $3.11M | $2.82M | $-2.60M |
| Avg Forecast | $-188.37M | $-178.73M | $-162.11M | $-152.47M | $-151.11M | $-135.79M | $-111.84M | $-87.48M | $-63.56M | $-49.90M | $-48.11M | $-54.94M | $-46.45M | $-36.92M | $-37.31M | $-31.92M | $-27.60M | $-40.54M | $-52.08M | $-42.70M | $-67.50M | $-50.25M | $-24.48M | $-25.88M | $-10.14M |
| High Forecast | $-147.66M | $-140.10M | $-127.07M | $-119.52M | $-118.45M | $-106.44M | $-87.67M | $-72.54M | $-54.00M | $-39.12M | $-48.11M | $-54.94M | $-42.73M | $-36.86M | $-29.24M | $-25.02M | $-21.64M | $-40.54M | $-52.08M | $-42.70M | $-67.50M | $-50.25M | $-24.48M | $-25.88M | $-10.14M |
| Low Forecast | $-238.64M | $-226.43M | $-205.38M | $-193.16M | $-191.44M | $-172.04M | $-141.69M | $-97.93M | $-72.33M | $-63.22M | $-48.11M | $-54.94M | $-50.17M | $-36.98M | $-47.26M | $-40.43M | $-34.97M | $-40.54M | $-52.08M | $-42.70M | $-67.50M | $-50.25M | $-24.48M | $-25.88M | $-10.14M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.23% | -0.25% | -0.10% | -0.43% | -0.10% | -0.11% | -0.14% | -0.07% | -0.07% | -0.13% | -0.11% | 0.26% |
Bitfarms's average Quarter SG&A projection for Dec 23 is $-46.45M, based on 3 Wall Street analysts, with a range of $-50.17M to $-42.73M. The forecast indicates a -654.81% fall compared to BITF last annual SG&A of $8.37M (Sep 23).
Bitfarms EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 2 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 1 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $-0.07 | $-0.10 | $-0.01 | $-0.08 | $-0.40 | $-0.70 | $0.02 | $0.06 | $0.14 | $-0.02 | $-0.06 | $-0.06 |
| Avg Forecast | - | - | - | - | $0.05 | $0.04 | $0.02 | $-0.01 | $-0.02 | $-0.08 | $-0.11 | $-0.02 | $-0.02 | $-0.05 | $-0.05 | $-0.03 | $-0.08 | $-0.02 | $0.05 | $0.04 | $0.13 | $0.20 | $0.06 | $0.08 | $-0.02 |
| High Forecast | - | - | - | - | $0.07 | $0.05 | $0.02 | $-0.00 | $-0.02 | $-0.06 | $-0.08 | $-0.01 | $-0.02 | $-0.04 | $-0.04 | $-0.02 | $-0.06 | $-0.02 | $0.05 | $0.04 | $0.13 | $0.20 | $0.06 | $0.08 | $-0.02 |
| Low Forecast | - | - | - | - | $0.04 | $0.03 | $0.01 | $-0.01 | $-0.02 | $-0.11 | $-0.15 | $-0.02 | $-0.02 | $-0.07 | $-0.07 | $-0.03 | $-0.11 | $-0.02 | $0.05 | $0.04 | $0.13 | $0.20 | $0.06 | $0.08 | $-0.02 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.28% | 1.88% | 0.43% | 1.00% | 20.00% | -14.00% | 0.50% | 0.47% | 0.70% | -0.33% | -0.75% | 3.16% |
According to 1 Wall Street analysts, Bitfarms's projected average Quarter EPS for Jun 22 is $0.05, with a low estimate of $0.05 and a high estimate of $0.05. This represents a 150.00% increase compared to BITF previous annual EPS of $0.02 (Mar 22).
Bitfarms Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CLSK | CleanSpark | $12.36 | $27.00 | 118.45% | Buy |
| BITF | Bitfarms | $2.07 | $4.26 | 105.80% | Buy |
| HIVE | HIVE Blockchain | $3.84 | $6.50 | 69.27% | Buy |
| BTBT | Bit Digital | $4.22 | $6.50 | 54.03% | Buy |
| CIFR | Cipher Mining | $7.23 | $7.58 | 4.84% | Buy |
| MARA | Marathon Digital | $24.60 | $25.75 | 4.67% | Buy |
| IREN | Iris Energy | $13.73 | $14.10 | 2.69% | Buy |
| WULF | TeraWulf | $8.20 | $7.90 | -3.66% | Buy |
| SDIG | Stronghold Digital Mining | $5.06 | $4.00 | -20.95% | Hold |
| RIOT | Riot Blockchain | $13.97 | $9.00 | -35.58% | Buy |
| HUT | Hut 8 Mining | $29.62 | $17.63 | -40.48% | Buy |