Bit Digital (BTBT) Stock Forecast, Price Target & Predictions
BTBT Stock Forecast
Bit Digital stock forecast is as follows: an average price target of $6.50 (represents a 48.40% upside from BTBT’s last price of $4.38) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.
BTBT Price Target
The average price target for Bit Digital (BTBT) is $6.50 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $7.00 to $6.00. This represents a potential 48.40% upside from BTBT's last price of $4.38.
BTBT Analyst Ratings
According to 6 Wall Street analysts, Bit Digital's rating consensus is 'Buy'. The analyst rating breakdown for BTBT stock is 0 'Strong Buy' (0.00%), 6 '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 |
|---|---|---|---|---|---|---|
| Oct 24, 2024 | Nick Giles | B.Riley Financial | $6.00 | $3.87 | 55.04% | 36.99% |
| Oct 16, 2024 | Kevin Dede | H.C. Wainwright | $7.00 | $3.56 | 96.63% | 59.82% |
| Jul 01, 2024 | Kevin Dede | H.C. Wainwright | $6.00 | $3.18 | 88.68% | 36.99% |
| May 17, 2024 | Kevin Dede | H.C. Wainwright | $5.00 | $2.18 | 129.36% | 14.16% |
| Dec 09, 2022 | - | H.C. Wainwright | $2.00 | $0.76 | 164.90% | -54.34% |
| Jun 06, 2022 | - | H.C. Wainwright | $4.00 | $1.64 | 143.90% | -8.68% |
The latest Bit Digital stock forecast, released on Oct 24, 2024 by Nick Giles from B.Riley Financial, set a price target of $6.00, which represents a 55.04% increase from the stock price at the time of the forecast ($3.87), and a 36.99% increase from BTBT last price ($4.38).
Bit Digital Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 2 | 4 |
| Avg Price Target | $6.50 | $6.50 | $6.00 |
| Last Closing Price | $4.38 | $4.38 | $4.38 |
| Upside/Downside | 48.40% | 48.40% | 36.99% |
In the current month, the average price target of Bit Digital stock is $6.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 48.40% increase as opposed to Bit Digital's last price of $4.38. This month's average price target is down 0.00% compared to last quarter, and up 8.33% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 24, 2024 | B. Riley | - | Buy | Initialise |
| Oct 16, 2024 | H.C. Wainwright | Buy | Buy | Hold |
| 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 B. Riley on Oct 24, 2024. The company Initialise its BTBT rating from "null" to "Buy".
Bit Digital Financial Forecast
Bit Digital 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $7.78M | $9.13M | $6.82M | $8.57M | $13.39M | $10.40M |
| Avg Forecast | $71.01M | $64.91M | $59.34M | $54.25M | $53.75M | $52.03M | $49.15M | $45.07M | $31.73M | $24.49M | $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 | $71.01M | $64.91M | $59.34M | $54.25M | $53.75M | $52.03M | $49.15M | $45.07M | $31.73M | $24.92M | $26.09M | $27.73M | $14.95M | $11.87M | $10.48M | $7.75M | $7.90M | $16.00M | $14.30M | $8.90M | $26.00M | $19.60M |
| Low Forecast | $71.01M | $64.91M | $59.34M | $54.25M | $53.75M | $52.03M | $49.15M | $45.07M | $31.73M | $23.98M | $26.09M | $27.73M | $10.38M | $11.87M | $10.48M | $7.75M | $7.90M | $16.00M | $14.30M | $8.90M | $26.00M | $19.60M |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 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 $7.75M, and a high forecast of $7.75M. 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 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 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 | $-7.04M | $-6.44M | $-5.89M | $-5.38M | $-5.33M | $-5.16M | $-4.87M | $-4.47M | $-3.15M | $-2.43M | $-2.59M | $-2.75M | $-1.31M | $-1.18M | $-1.04M | $-768.61K | $-783.49K | $716.37K | $640.25K | $398.48K | $1.16M | $877.55K |
| High Forecast | $-7.04M | $-6.44M | $-5.89M | $-5.38M | $-5.33M | $-5.16M | $-4.87M | $-4.47M | $-3.15M | $-2.38M | $-2.59M | $-2.75M | $-1.03M | $-1.18M | $-1.04M | $-768.61K | $-783.49K | $716.37K | $640.25K | $398.48K | $1.16M | $877.55K |
| Low Forecast | $-7.04M | $-6.44M | $-5.89M | $-5.38M | $-5.33M | $-5.16M | $-4.87M | $-4.47M | $-3.15M | $-2.47M | $-2.59M | $-2.75M | $-1.48M | $-1.18M | $-1.04M | $-768.61K | $-783.49K | $716.37K | $640.25K | $398.48K | $1.16M | $877.55K |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -52.08% | -3.27% | 13.86% | 18.14% | -3.08% | -17.56% |
1 analysts predict BTBT's average Quarter EBITDA for Mar 23 to be $-768.61K, with a high of $-768.61K and a low of $-768.61K. This is -101.88% lower than Bit Digital's previous annual EBITDA (Dec 22) of $40.80M.
Bit Digital 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 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 | $15.37M | $15.37M | $16.65M | $16.65M | $8.96M | $8.96M | $7.36M | $5.12M | $-1.07M | $-2.99M | $-3.52M | $1.60M | $-6.08M | $-7.26M | $-11.10M | $-16.65M | $-14.73M | $-7.68M | $1.28M | $-8.96M | $24.33M | $17.93M |
| High Forecast | $15.37M | $15.37M | $16.65M | $16.65M | $8.96M | $8.96M | $7.36M | $5.12M | $-1.07M | $-1.99M | $-3.52M | $1.63M | $-5.07M | $-7.26M | $-11.10M | $-16.65M | $-14.73M | $-7.68M | $1.28M | $-8.96M | $24.33M | $17.93M |
| Low Forecast | $15.37M | $15.37M | $16.65M | $16.65M | $8.96M | $8.96M | $7.36M | $5.12M | $-1.07M | $-3.98M | $-3.52M | $1.57M | $-6.08M | $-7.26M | $-11.10M | $-16.65M | $-14.73M | $-7.68M | $1.28M | $-8.96M | $24.33M | $17.93M |
| 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 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 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 | $55.60M | $50.83M | $46.46M | $42.48M | $42.08M | $40.74M | $38.48M | $35.29M | $24.84M | $19.17M | $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 | $55.60M | $50.83M | $46.46M | $42.48M | $42.08M | $40.74M | $38.48M | $35.29M | $24.84M | $19.51M | $20.43M | $21.71M | $11.71M | $9.29M | $8.21M | $6.07M | $6.19M | $12.53M | $11.20M | $6.97M | $20.36M | $15.35M |
| Low Forecast | $55.60M | $50.83M | $46.46M | $42.48M | $42.08M | $40.74M | $38.48M | $35.29M | $24.84M | $18.78M | $20.43M | $21.71M | $8.13M | $9.29M | $8.21M | $6.07M | $6.19M | $12.53M | $11.20M | $6.97M | $20.36M | $15.35M |
| 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 $6.07M to $6.07M. The forecast indicates a -24.27% fall compared to BTBT last annual SG&A of $8.01M (Dec 22).
Bit Digital 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 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 | $0.12 | $0.12 | $0.13 | $0.13 | $0.07 | $0.07 | $0.06 | $0.04 | $-0.01 | $-0.02 | $-0.03 | $0.01 | $-0.05 | $-0.06 | $-0.09 | $-0.13 | $-0.12 | $-0.06 | $0.01 | $-0.07 | $0.19 | $0.14 |
| High Forecast | $0.12 | $0.12 | $0.13 | $0.13 | $0.07 | $0.07 | $0.06 | $0.04 | $-0.01 | $-0.02 | $-0.03 | $0.01 | $-0.04 | $-0.06 | $-0.09 | $-0.13 | $-0.12 | $-0.06 | $0.01 | $-0.07 | $0.19 | $0.14 |
| Low Forecast | $0.12 | $0.12 | $0.13 | $0.13 | $0.07 | $0.07 | $0.06 | $0.04 | $-0.01 | $-0.03 | $-0.03 | $0.01 | $-0.05 | $-0.06 | $-0.09 | $-0.13 | $-0.12 | $-0.06 | $0.01 | $-0.07 | $0.19 | $0.14 |
| 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 |
|---|---|---|---|---|---|
| BITF | Bitfarms | $2.11 | $4.26 | 101.90% | Buy |
| CLSK | CleanSpark | $13.98 | $25.33 | 81.19% | Buy |
| HIVE | HIVE Blockchain | $4.31 | $6.50 | 50.81% | Buy |
| BTBT | Bit Digital | $4.38 | $6.50 | 48.40% | Buy |
| MARA | Marathon Digital | $20.79 | $29.25 | 40.69% | Buy |
| RIOT | Riot Blockchain | $11.87 | $16.56 | 39.51% | Buy |
| WULF | TeraWulf | $6.95 | $7.08 | 1.87% | Buy |
| HUT | Hut 8 Mining | $23.14 | $14.90 | -35.61% | Buy |