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Bit Digital (BTBT) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

BTBT Stock Forecast

Bit Digital (BTBT) stock forecast, based on 7 Wall Street analysts, predicts a 12-month average price target of $6.50, with a high of $7.00 and a low of $6.00. This represents a 113.11% increase from the last price of $3.05.

$2 $3 $4 $5 $6 $7 High: $7 Avg: $6.5 Low: $6 Last Closed Price: $3.05

BTBT Stock Rating

Bit Digital stock's rating consensus is Buy, based on 7 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 7 Buy (100.00%), 0 Hold (0.00%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 7 0 7 Strong Sell Sell Hold Buy Strong Buy

BTBT Forecast vs Benchmarks

TypeNameUpside
StockBit Digital113.11%
SectorFinancial Services Stocks 2.38%
IndustryCapital Markets Stocks-5.05%
IdeaCrypto Stocks List16.25%

Price Target Trends

1M3M12M
# Anlaysts--4
Avg Price Target--$6.00
Last Closing Price$3.05$3.05$3.05
Upside/Downside--96.72%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 2514---5
Dec, 2413---4
Nov, 2413---4
Oct, 2413---4
Sep, 2413---4
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 24, 2024Nick GilesB.Riley Financial$6.00$3.8755.04%96.72%
Oct 16, 2024Kevin DedeH.C. Wainwright$7.00$3.5696.63%129.51%
Jul 01, 2024Kevin DedeH.C. Wainwright$6.00$3.1888.68%96.72%
May 17, 2024Kevin DedeH.C. Wainwright$5.00$2.18129.36%63.93%
Dec 09, 2022H.C. Wainwright$2.00$0.76163.16%-34.43%
Jun 06, 2022H.C. Wainwright$4.00$1.64143.90%31.15%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Jan 21, 2025Craig-HallumBuyinitialise
Oct 24, 2024B. RileyBuyinitialise
Oct 16, 2024H.C. WainwrightBuyBuyhold
Aug 21, 2024H.C. WainwrightBuyBuyhold
Jul 01, 2024H.C. WainwrightBuyBuyhold
May 17, 2024H.C. WainwrightBuyBuyhold
May 07, 2024Noble Capital MarketsOutperformOutperformhold
Dec 04, 2023BarclaysBuyBuyhold
Dec 09, 2022SVB LeerinkBuyBuyhold

Financial Forecast

EPS Forecast

Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$0.09$-1.34$-0.16----
Avg Forecast$0.56$-0.67$-0.15$-0.05$0.04$0.29$0.41
High Forecast$0.47$-0.83$-0.18$-0.11$-0.28$0.09$0.27
Low Forecast$0.63$-0.50$-0.12$0.06$0.22$0.49$0.53
Surprise %-83.93%100.00%6.67%----

Revenue Forecast

$0 $80M $160M $240M $320M $400M Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$96.08M$32.30M$44.92M----
Avg Forecast$108.70M$32.45M$42.03M$107.48M$175.55M$279.95M$318.70M
High Forecast$95.69M$25.98M$39.35M$104.24M$130.81M$276.08M$236.08M
Low Forecast$118.54M$38.31M$43.71M$112.32M$215.07M$283.81M$388.13M
Surprise %-11.61%-0.47%6.88%----

Net Income Forecast

$-150M $-100M $-50M $0 $50M $100M Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$4.86M$-105.30M$-13.89M----
Avg Forecast$49.02M$-58.65M$-13.89M$-2.69M$-2.63M$39.71M$35.89M
High Forecast$41.39M$-72.41M$-15.59M$-9.85M$-24.51M$8.12M$23.79M
Low Forecast$54.79M$-43.45M$-10.88M$5.47M$19.26M$42.65M$46.05M
Surprise %-90.08%79.54%-----

BTBT Forecast FAQ

Is Bit Digital stock a buy?

Bit Digital stock has a consensus rating of Buy, based on 7 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 7 Buy, 0 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Bit Digital is a favorable investment for most analysts.

What is Bit Digital's price target?

Bit Digital's price target, set by 7 Wall Street analysts, averages $6.5 over the next 12 months. The price target range spans from $6 at the low end to $7 at the high end, suggesting a potential 113.11% change from the previous close price of $3.05.

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

Bit Digital stock forecast shows a 113.11% 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 Bit Digital over the past three months?

  • January 2025: 20.00% Strong Buy, 80.00% 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, 75.00% Buy, 0% Hold, 0% Sell, 0% Strong Sell.

What is Bit Digital’s EPS forecast?

Bit Digital's average annual EPS forecast for its fiscal year ending in December is -0.05 for 2024, a -68.75% decrease from the reported $-0.16 in 2023. The prediction for 2025 is $0.04, $0.29 for 2026, and $0.41 for 2027.

What is Bit Digital’s revenue forecast?

Bit Digital's average annual revenue forecast for its fiscal year ending in December is $107.48M for 2024, a 139.28% increase from the reported $44.92M in 2023. The forecast for 2025 is $175.55M, $279.95M for 2026, and $318.7M for 2027.

What is Bit Digital’s net income forecast?

For its fiscal year ending in December, Bit Digital's average annual net income forecast is $-2.691M for 2024, reflecting a -80.63% decrease from the reported $-13.893M in 2023. The projection for 2025 is $-2.626M, $39.71M for 2026, and $35.89M for 2027.