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 108.82% upside from BITF’s last price of $2.04) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.
BITF Price Target
BITF Analyst Ratings
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% | 145.10% |
Jun 04, 2024 | Mike Colonnese | H.C. Wainwright | $4.00 | $2.33 | 71.67% | 96.08% |
May 29, 2024 | Bill Papanastasiou | Stifel Nicolaus | $2.30 | $2.18 | 5.50% | 12.75% |
May 21, 2024 | Joe Flynn | Compass Point | $6.00 | $1.89 | 217.46% | 194.12% |
Apr 25, 2024 | Mike Grondahl | Northland Securities | $4.00 | $1.98 | 102.02% | 96.08% |
Bitfarms Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | - | - | 5 |
Avg Price Target | - | - | $4.26 |
Last Closing Price | $2.04 | $2.04 | $2.04 |
Upside/Downside | -100.00% | -100.00% | 108.82% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
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 Financial Forecast
Bitfarms Revenue Forecast
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 | $161.15M | $139.00M | $120.93M | $108.15M | $78.48M | $52.79M | $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 | $201.59M | $173.88M | $151.28M | $135.29M | $98.18M | $61.95M | $55.81M | $63.74M | $46.53M | $42.84M | $43.28M | $37.03M | $32.02M | $47.04M | $56.56M | $46.37M | $73.31M | $54.57M | $26.58M | $28.11M | $11.01M |
Low Forecast | $139.97M | $120.73M | $105.03M | $93.94M | $68.16M | $43.01M | $38.75M | $44.26M | $39.63M | $29.74M | $30.05M | $25.71M | $22.24M | $32.66M | $38.88M | $31.88M | $50.40M | $37.52M | $18.27M | $19.32M | $7.57M |
# Analysts | 1 | 1 | 1 | 1 | 2 | 5 | 2 | 2 | 3 | 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 EBITDA Forecast
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 | 1 | 1 | 1 | 1 | 2 | 5 | 2 | 2 | 3 | 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 | $59.36M | $51.20M | $44.54M | $39.84M | $28.91M | $19.45M | $16.43M | $18.77M | $15.87M | $12.61M | $12.75M | $10.90M | $9.43M | $13.85M | $17.79M | $14.59M | $23.06M | $17.17M | $8.36M | $8.84M | $3.46M |
High Forecast | $74.26M | $64.05M | $55.72M | $49.84M | $36.16M | $22.82M | $20.56M | $23.48M | $17.14M | $15.78M | $15.94M | $13.64M | $11.80M | $17.33M | $20.84M | $17.08M | $27.00M | $20.10M | $9.79M | $10.35M | $4.05M |
Low Forecast | $51.56M | $44.47M | $38.69M | $34.60M | $25.11M | $15.84M | $14.27M | $16.30M | $14.60M | $10.96M | $11.07M | $9.47M | $8.19M | $12.03M | $14.32M | $11.74M | $18.56M | $13.82M | $6.73M | $7.12M | $2.79M |
Surprise % | - | - | - | - | - | - | - | - | - | 0.19% | 0.39% | 0.58% | -4.10% | 0.42% | -7.79% | 1.16% | 1.26% | 2.43% | 0.33% | -3.09% | -2.44% |
Bitfarms Net Income Forecast
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 | 1 | 1 | 1 | 1 | 2 | 5 | 2 | 2 | 3 | 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 | $15.25M | $7.22M | $-3.21M | $-8.83M | $-22.47M | $-35.31M | $-43.49M | $-7.22M | $-8.71M | $-21.40M | $-21.40M | $-10.03M | $-32.10M | $-8.02M | $20.06M | $16.05M | $52.16M | $80.25M | $24.07M | $32.10M | $-8.02M |
High Forecast | $20.22M | $9.58M | $-2.66M | $-7.32M | $-18.63M | $-16.05M | $-36.06M | $-5.99M | $-8.28M | $-17.74M | $-17.74M | $-8.32M | $-26.61M | $-6.65M | $24.52M | $19.62M | $63.76M | $98.09M | $29.43M | $39.24M | $-5.99M |
Low Forecast | $12.64M | $5.99M | $-4.26M | $-11.71M | $-29.80M | $-67.41M | $-57.67M | $-9.58M | $-9.15M | $-28.38M | $-28.38M | $-13.30M | $-42.57M | $-10.64M | $14.98M | $11.98M | $38.94M | $59.91M | $17.97M | $23.96M | $-9.81M |
Surprise % | - | - | - | - | - | - | - | - | - | 0.87% | 1.16% | 0.25% | 0.52% | 10.57% | -7.07% | 0.28% | 0.19% | 0.30% | -0.15% | -0.24% | 0.67% |
Bitfarms SG&A Forecast
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 | 1 | 1 | 1 | 1 | 2 | 5 | 2 | 2 | 3 | 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 | $-173.76M | $-149.87M | $-130.39M | $-116.61M | $-84.62M | $-56.92M | $-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 | $-150.92M | $-130.17M | $-113.25M | $-101.28M | $-73.50M | $-46.37M | $-41.78M | $-47.72M | $-42.73M | $-32.07M | $-32.40M | $-27.72M | $-23.97M | $-35.21M | $-41.93M | $-34.37M | $-54.34M | $-40.45M | $-19.70M | $-20.83M | $-8.16M |
Low Forecast | $-217.36M | $-187.48M | $-163.11M | $-145.87M | $-105.86M | $-66.79M | $-60.18M | $-68.73M | $-50.17M | $-46.19M | $-46.67M | $-39.93M | $-34.53M | $-50.72M | $-60.99M | $-50.00M | $-79.04M | $-58.84M | $-28.66M | $-30.30M | $-11.87M |
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 EPS Forecast
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 | 1 | 1 | 1 | 1 | 2 | 5 | 2 | 2 | 3 | 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 | $0.04 | $0.02 | $-0.01 | $-0.02 | $-0.06 | $-0.09 | $-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 | $0.05 | $0.02 | $-0.01 | $-0.02 | $-0.05 | $-0.04 | $-0.09 | $-0.01 | $-0.02 | $-0.04 | $-0.04 | $-0.02 | $-0.07 | $-0.02 | $0.06 | $0.05 | $0.16 | $0.24 | $0.07 | $0.10 | $-0.01 |
Low Forecast | $0.03 | $0.01 | $-0.01 | $-0.03 | $-0.07 | $-0.17 | $-0.14 | $-0.02 | $-0.02 | $-0.07 | $-0.07 | $-0.03 | $-0.11 | $-0.03 | $0.04 | $0.03 | $0.10 | $0.15 | $0.04 | $0.06 | $-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% |
Bitfarms Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
CLSK | CleanSpark | $9.38 | $25.33 | 170.04% | Buy |
CIFR | Cipher Mining | $3.09 | $7.90 | 155.66% | Buy |
RIOT | Riot Blockchain | $7.20 | $16.14 | 124.17% | Buy |
BTBT | Bit Digital | $2.87 | $6.00 | 109.06% | Buy |
BITF | Bitfarms | $2.04 | $4.26 | 108.82% | Buy |
MARA | Marathon Digital | $16.12 | $31.20 | 93.55% | Buy |
IREN | Iris Energy | $7.56 | $13.36 | 76.72% | Buy |
HIVE | HIVE Blockchain | $3.08 | $5.00 | 62.34% | Buy |
WULF | TeraWulf | $4.24 | $6.08 | 43.40% | Buy |
HUT | Hut 8 Mining | $11.24 | $15.70 | 39.68% | Buy |
SDIG | Stronghold Digital Mining | $4.61 | $6.25 | 35.57% | Hold |
BITF Forecast FAQ
Is Bitfarms a good buy?
Yes, according to 5 Wall Street analysts, Bitfarms (BITF) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 100.00% of BITF's total ratings.
What is BITF's price target?
Bitfarms (BITF) average price target is $4.26 with a range of $2.3 to $6, implying a 108.82% from its last price of $2.04. The data is based on 5 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Bitfarms stock go up soon?
According to Wall Street analysts' prediction for BITF stock, the company can go up by 108.82% (from the last price of $2.04 to the average price target of $4.26), up by 194.12% based on the highest stock price target, and up by 12.75% based on the lowest stock price target.
Can Bitfarms stock reach $3?
BITF's average twelve months analyst stock price target of $4.26 supports the claim that Bitfarms can reach $3 in the near future.
What are Bitfarms's analysts' financial forecasts?
Bitfarms's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $226.84M (high $279.68M, low $194.18M), average EBITDA is $83.56M (high $103.02M, low $71.53M), average net income is $-108M (high $-76.724M, low $-164M), average SG&A $-245M (high $-209M, low $-302M), and average EPS is $-0.27 (high $-0.191, low $-0.41). BITF's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $529.23M (high $662.04M, low $459.67M), average EBITDA is $194.94M (high $243.87M, low $169.32M), average net income is $10.43M (high $19.82M, low $2.67M), average SG&A $-571M (high $-496M, low $-714M), and average EPS is $0.026 (high $0.0494, low $0.00664).
Did the BITF's actual financial results beat the analysts' financial forecasts?
Based on Bitfarms's last annual report (Dec 2022), the company's revenue was $-8.382M, which missed the average analysts forecast of $151.1M by -105.55%. Apple's EBITDA was $-95.242M, missing the average prediction of $55.66M by -271.12%. The company's net income was $-239M, beating the average estimation of $-4.012M by 5857.80%. Apple's SG&A was $51.51M, missing the average forecast of $-163M by -131.61%. Lastly, the company's EPS was $-1.15, beating the average prediction of $-0.01 by 11400.00%. In terms of the last quarterly report (Sep 2023), Bitfarms's revenue was $34.6M, beating the average analysts' forecast of $34.24M by 1.03%. The company's EBITDA was $2.45M, missing the average prediction of $12.61M by -80.60%. Bitfarms's net income was $-18.703M, missing the average estimation of $-21.399M by -12.60%. The company's SG&A was $8.37M, missing the average forecast of $-36.92M by -122.68%. Lastly, the company's EPS was $-0.0683, beating the average prediction of $-0.0533 by 28.06%