Bit Digital (BTBT) Stock Forecast, Price Target & Predictions
BTBT Stock Forecast
Bit Digital stock forecast is as follows: an average price target of $6.00 (represents a 109.06% upside from BTBT’s last price of $2.87) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.
BTBT Price Target
The average price target for Bit Digital (BTBT) is $6.00 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 $6.00. This represents a potential 109.06% upside from BTBT's last price of $2.87.
BTBT Analyst Ratings
According to 5 Wall Street analysts, Bit Digital's rating consensus is 'Buy'. The analyst rating breakdown for BTBT 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%).
Bit Digital Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 01, 2024 | Kevin Dede | H.C. Wainwright | $6.00 | $3.18 | 88.68% | 109.06% |
| May 17, 2024 | Kevin Dede | H.C. Wainwright | $5.00 | $2.18 | 129.36% | 74.22% |
| Dec 09, 2022 | - | H.C. Wainwright | $2.00 | $0.76 | 164.90% | -30.31% |
| Jun 06, 2022 | - | H.C. Wainwright | $4.00 | $1.64 | 143.90% | 39.37% |
The latest Bit Digital stock forecast, released on Jul 01, 2024 by Kevin Dede from H.C. Wainwright, set a price target of $6.00, which represents a 88.68% increase from the stock price at the time of the forecast ($3.18), and a 109.06% increase from BTBT last price ($2.87).
Bit Digital Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 2 |
| Avg Price Target | - | $6.00 | $5.50 |
| Last Closing Price | $2.87 | $2.87 | $2.87 |
| Upside/Downside | -100.00% | 109.06% | 91.64% |
In the current month, the average price target of Bit Digital stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Bit Digital's last price of $2.87. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 21, 2024 | H.C. Wainwright | Buy | Buy | Hold |
| Jul 01, 2024 | H.C. Wainwright | Buy | Buy | Hold |
| May 17, 2024 | H.C. Wainwright | Buy | Buy | Hold |
| May 07, 2024 | Noble Capital Markets | Outperform | Outperform | Hold |
| May 07, 2024 | Noble Capital | Outperform | Outperform | Hold |
| Dec 04, 2023 | Barclays | Buy | Buy | Hold |
| Dec 09, 2022 | SVB Leerink | Buy | Buy | Hold |
Bit Digital's last stock rating was published by H.C. Wainwright on Aug 21, 2024. The company gave BTBT a "Buy" rating, the same as its previous rate.
Bit Digital Financial Forecast
Bit Digital 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $7.78M | $9.13M | $6.82M | $8.57M | $13.39M | $10.40M |
| Avg Forecast | $37.30M | $36.70M | $36.00M | $36.30M | $37.30M | $31.13M | $26.09M | $27.73M | $13.18M | $11.87M | $10.48M | $7.75M | $7.90M | $16.00M | $14.30M | $8.90M | $26.00M | $19.60M |
| High Forecast | $39.53M | $38.89M | $38.15M | $38.47M | $39.53M | $34.97M | $27.65M | $29.39M | $14.95M | $12.58M | $11.11M | $8.21M | $8.37M | $16.96M | $16.01M | $9.96M | $29.11M | $21.94M |
| Low Forecast | $35.07M | $34.51M | $33.85M | $34.13M | $35.07M | $26.17M | $24.53M | $26.07M | $10.38M | $11.16M | $9.86M | $7.29M | $7.43M | $15.04M | $12.07M | $7.51M | $21.94M | $16.54M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 0.57% | 0.48% | 0.96% | 0.51% | 0.53% |
Bit Digital's average Quarter revenue forecast for Mar 23 based on 1 analysts is $7.75M, with a low forecast of $7.29M, and a high forecast of $8.21M. BTBT's average Quarter revenue forecast represents a -0.35% decrease compared to the company's last Quarter revenue of $7.78M (Dec 22).
Bit Digital 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $40.80M | $-2.35M | $8.88M | $7.23M | $-3.58M | $-15.41M |
| Avg Forecast | $1.67M | $1.64M | $1.61M | $1.63M | $1.67M | $1.39M | $1.17M | $1.24M | $590.11K | $531.31K | $469.37K | $346.99K | $353.71K | $716.37K | $640.25K | $398.48K | $1.16M | $877.55K |
| High Forecast | $1.77M | $1.74M | $1.71M | $1.72M | $1.77M | $1.57M | $1.24M | $1.32M | $669.38K | $563.08K | $497.44K | $367.74K | $374.86K | $759.21K | $716.74K | $446.08K | $1.30M | $982.39K |
| Low Forecast | $1.57M | $1.54M | $1.52M | $1.53M | $1.57M | $1.17M | $1.10M | $1.17M | $464.85K | $499.54K | $441.30K | $326.24K | $332.56K | $673.53K | $540.30K | $336.27K | $982.37K | $740.55K |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 115.35% | -3.27% | 13.86% | 18.14% | -3.08% | -17.56% |
1 analysts predict BTBT's average Quarter EBITDA for Mar 23 to be $346.99K, with a high of $367.74K and a low of $326.24K. This is -99.15% lower than Bit Digital's previous annual EBITDA (Dec 22) of $40.80M.
Bit Digital 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-62.65M | $-14.34M | $-18.12M | $-10.18M | $-9.43M | $-20.15M |
| Avg Forecast | $2.56M | $2.56M | $2.56M | $1.28M | $1.71M | $960.40K | $-3.52M | $1.60M | $-5.34M | $-7.26M | $-11.10M | $-16.65M | $-14.73M | $-7.68M | $1.28M | $-8.96M | $24.33M | $17.93M |
| High Forecast | $2.76M | $2.76M | $2.76M | $1.38M | $1.84M | $2.88M | $-3.25M | $1.73M | $-5.07M | $-6.69M | $-10.24M | $-15.35M | $-13.58M | $-7.09M | $1.48M | $-7.14M | $28.11M | $20.71M |
| Low Forecast | $2.36M | $2.36M | $2.36M | $1.18M | $1.57M | $-1.92M | $-3.80M | $1.48M | $-5.61M | $-7.82M | $-11.96M | $-17.94M | $-15.87M | $-8.28M | $1.02M | $-10.36M | $19.39M | $14.29M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 4.25% | 1.87% | -14.15% | 1.14% | -0.39% | -1.12% |
Bit Digital's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. BTBT's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).
Bit Digital 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $8.01M | $6.23M | $4.60M | $4.27M | $13.05M | $19.55M |
| Avg Forecast | $29.20M | $28.73M | $28.19M | $28.42M | $29.20M | $24.38M | $20.43M | $21.71M | $10.32M | $9.29M | $8.21M | $6.07M | $6.19M | $12.53M | $11.20M | $6.97M | $20.36M | $15.35M |
| High Forecast | $30.95M | $30.45M | $29.87M | $30.12M | $30.95M | $27.38M | $21.65M | $23.01M | $11.71M | $9.85M | $8.70M | $6.43M | $6.56M | $13.28M | $12.53M | $7.80M | $22.79M | $17.18M |
| Low Forecast | $27.46M | $27.02M | $26.50M | $26.72M | $27.46M | $20.49M | $19.20M | $20.41M | $8.13M | $8.74M | $7.72M | $5.71M | $5.82M | $11.78M | $9.45M | $5.88M | $17.18M | $12.95M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.30% | 0.50% | 0.41% | 0.61% | 0.64% | 1.27% |
Bit Digital's average Quarter SG&A projection for Mar 23 is $6.07M, based on 1 Wall Street analysts, with a range of $5.71M to $6.43M. The forecast indicates a -24.27% fall compared to BTBT last annual SG&A of $8.01M (Dec 22).
Bit Digital 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-0.80 | $-0.17 | $-0.23 | $-0.15 | $-0.17 | $-0.37 |
| Avg Forecast | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $-0.03 | $0.01 | $-0.04 | $-0.06 | $-0.09 | $-0.13 | $-0.12 | $-0.06 | $0.01 | $-0.07 | $0.19 | $0.14 |
| High Forecast | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $-0.03 | $0.01 | $-0.04 | $-0.05 | $-0.08 | $-0.12 | $-0.11 | $-0.06 | $0.01 | $-0.06 | $0.22 | $0.16 |
| Low Forecast | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $-0.01 | $-0.03 | $0.01 | $-0.04 | $-0.06 | $-0.09 | $-0.14 | $-0.12 | $-0.06 | $0.01 | $-0.08 | $0.15 | $0.11 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 6.96% | 2.83% | -23.00% | 2.14% | -0.89% | -2.64% |
According to undefined Wall Street analysts, Bit Digital's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to BTBT previous annual EPS of $NaN (undefined).
Bit Digital 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 |
| 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 |
| 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 |
BTBT Forecast FAQ
Is Bit Digital a good buy?
Yes, according to 5 Wall Street analysts, Bit Digital (BTBT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 100.00% of BTBT's total ratings.
What is BTBT's price target?
Bit Digital (BTBT) average price target is $6 with a range of $6 to $6, implying a 109.06% from its last price of $2.87. The data is based on 5 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Bit Digital stock go up soon?
According to Wall Street analysts' prediction for BTBT stock, the company can go up by 109.06% (from the last price of $2.87 to the average price target of $6), up by 109.06% based on the highest stock price target, and up by 109.06% based on the lowest stock price target.
Can Bit Digital stock reach $4?
BTBT's average twelve months analyst stock price target of $6 supports the claim that Bit Digital can reach $4 in the near future.
What are Bit Digital's analysts' financial forecasts?
Bit Digital's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $122.25M (high $131.54M, low $111.84M), average EBITDA is $5.47M (high $5.89M, low $5.01M), average net income is $746.94K (high $3.2M, low $-2.665M), average SG&A $95.72M (high $102.99M, low $87.57M), and average EPS is $0.00583 (high $0.025, low $-0.0208). BTBT's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $146.3M (high $155.05M, low $137.55M), average EBITDA is $6.55M (high $6.94M, low $6.16M), average net income is $8.96M (high $9.66M, low $8.27M), average SG&A $114.55M (high $121.4M, low $107.7M), and average EPS is $0.07 (high $0.0754, low $0.0646).
Did the BTBT's actual financial results beat the analysts' financial forecasts?
Based on Bit Digital's last annual report (Dec 2022), the company's revenue was $32.3M, which missed the average analysts forecast of $47.1M by -31.43%. Apple's EBITDA was $54.56M, beating the average prediction of $2.11M by 2487.15%. The company's net income was $-105M, beating the average estimation of $-30.093M by 249.91%. Apple's SG&A was $23.11M, missing the average forecast of $36.88M by -37.32%. Lastly, the company's EPS was $-1.34, beating the average prediction of $-0.235 by 470.21%. In terms of the last quarterly report (Dec 2022), Bit Digital's revenue was $7.78M, missing the average analysts' forecast of $7.9M by -1.56%. The company's EBITDA was $40.8M, beating the average prediction of $353.71K by 11435.19%. Bit Digital's net income was $-62.654M, beating the average estimation of $-14.726M by 325.46%. The company's SG&A was $8.01M, beating the average forecast of $6.19M by 29.53%. Lastly, the company's EPS was $-0.8, beating the average prediction of $-0.115 by 595.65%