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Bitfarms (BITF) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

BITF Stock Forecast

Bitfarms (BITF) stock forecast, based on 5 Wall Street analysts, predicts a 12-month average price target of $4.26, with a high of $6.00 and a low of $2.30. This represents a 195.83% increase from the last price of $1.44.

$1 $2 $3 $4 $5 $6 High: $6 Avg: $4.26 Low: $2.3 Last Closed Price: $1.44

BITF Stock Rating

Bitfarms stock's rating consensus is Buy, based on 5 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 5 Buy (100.00%), 0 Hold (0.00%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 5 0 5 Strong Sell Sell Hold Buy Strong Buy

BITF Forecast vs Benchmarks

TypeNameUpside
StockBitfarms195.83%
SectorFinancial Services Stocks 2.38%
IndustryCapital Markets Stocks-5.05%
IdeaCrypto Stocks List16.25%

Price Target Trends

1M3M12M
# Anlaysts--5
Avg Price Target--$4.26
Last Closing Price$1.44$1.44$1.44
Upside/Downside--195.83%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 2526---8
Dec, 2426---8
Nov, 24251--8
Oct, 24151--7
Sep, 24151--7
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jun 10, 2024Brett KnoblauchCantor Fitzgerald$5.00$2.30117.39%247.22%
Jun 04, 2024Mike ColonneseH.C. Wainwright$4.00$2.3371.67%177.78%
May 29, 2024Bill PapanastasiouStifel Nicolaus$2.30$2.185.50%59.72%
May 21, 2024Joe FlynnCompass Point$6.00$1.89217.46%316.67%
Apr 25, 2024Mike GrondahlNorthland Securities$4.00$1.98102.02%177.78%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Sep 23, 2024H.C. WainwrightBuyBuyhold
Jul 19, 2024H.C. WainwrightBuyBuyhold
Jun 17, 2024H.C. WainwrightBuyBuyhold
May 21, 2024Compass PointBuyBuyhold
May 17, 2024B. RileyBuyBuyhold
Apr 01, 2024ATB CapitalOutperforminitialise
Nov 29, 2023BarclaysBuyBuyhold

Financial Forecast

EPS Forecast

Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-0.19$0.14$-1.15$-0.40-----
Avg Forecast$-0.15$0.24$-1.16$-0.21$-0.21$0.08$0.37$0.57$0.69
High Forecast$-0.20$0.18$-1.51$-0.26$-0.22$0.02$0.27$0.41$0.50
Low Forecast$-0.11$0.32$-0.85$-0.15$-0.20$0.19$0.47$0.72$0.88
Surprise %26.67%-41.67%-0.86%90.48%-----

Revenue Forecast

$-50M $160M $370M $580M $790M $1B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$34.79M$169.20M$-8.38M$149.05M-----
Avg Forecast$32.80M$172.40M$141.00M$143.20M$194.64M$431.79M$634.46M$802.30M$567.00M
High Forecast$26.77M$140.71M$111.83M$139.92M$186.99M$349.51M$633.34M$633.54M$447.73M
Low Forecast$41.59M$218.60M$174.10M$146.47M$203.93M$491.77M$635.58M$970.05M$685.56M
Surprise %6.07%-1.85%-105.94%4.09%-----

Net Income Forecast

$-400M $-270M $-140M $-10M $120M $250M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-16.29M$22.13M$-239.05M$-105.94M-----
Avg Forecast$-39.34M$62.94M$-304.19M$-54.41M$-55.59M$36.64M$96.95M$149.48M$180.94M
High Forecast$-53.04M$47.89M$-397.02M$-69.20M$-58.24M$5.48M$70.49M$108.60M$131.46M
Low Forecast$-29.93M$84.86M$-222.38M$-39.53M$-52.95M$49.31M$123.40M$190.11M$230.13M
Surprise %-58.59%-64.84%-21.42%94.70%-----

BITF Forecast FAQ

Is Bitfarms stock a buy?

Bitfarms stock has a consensus rating of Buy, based on 5 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 5 Buy, 0 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Bitfarms is a favorable investment for most analysts.

What is Bitfarms's price target?

Bitfarms's price target, set by 5 Wall Street analysts, averages $4.26 over the next 12 months. The price target range spans from $2.3 at the low end to $6 at the high end, suggesting a potential 195.83% change from the previous close price of $1.44.

How does Bitfarms stock forecast compare to the average forecast of its sector, industry, and investment themes?

Bitfarms stock forecast shows a 195.83% upside, outperforming the average forecast for the financial services stocks sector (2.38%) and outperforming the capital markets stocks industry (-5.05%), leading the crypto stocks list (16.25%) investment theme.

What is the breakdown of analyst ratings for Bitfarms over the past three months?

  • January 2025: 25.00% Strong Buy, 75.00% Buy, 0% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 25.00% Strong Buy, 75.00% Buy, 0% Hold, 0% Sell, 0% Strong Sell.
  • November 2024: 25.00% Strong Buy, 62.50% Buy, 12.50% Hold, 0% Sell, 0% Strong Sell.

What is Bitfarms’s EPS forecast?

Bitfarms's average annual EPS forecast for its fiscal year ending in December is -0.21 for 2024, a -47.50% decrease from the reported $-0.4 in 2023. The prediction for 2025 is $0.08, $0.37 for 2026, $0.57 for 2027, and $0.69 for 2028.

What is Bitfarms’s revenue forecast?

Bitfarms's average annual revenue forecast for its fiscal year ending in December is $194.64M for 2024, a 30.59% increase from the reported $149.05M in 2023. The forecast for 2025 is $431.79M, $634.46M for 2026, $802.3M for 2027, and $567M for 2028.

What is Bitfarms’s net income forecast?

For its fiscal year ending in December, Bitfarms's average annual net income forecast is $-55.594M for 2024, reflecting a -47.52% decrease from the reported $-106M in 2023. The projection for 2025 is $36.64M, $96.95M for 2026, $149.48M for 2027, and $180.94M for 2028.