What 4 Analyst Ratings Have To Say About Bitfarms
Portfolio Pulse from Benzinga Insights
In the last quarter, Bitfarms (NASDAQ:BITF) received 3 bullish and 1 somewhat bullish analyst ratings. The average 12-month price target for the company is $2.00, a 60% decrease from the previous average of $5.00.
May 19, 2023 | 4:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Bitfarms received 3 bullish and 1 somewhat bullish analyst ratings in the last quarter, with an average 12-month price target of $2.00, down 60% from the previous average.
The majority of analyst ratings for Bitfarms are bullish or somewhat bullish, indicating a positive outlook for the stock. However, the average 12-month price target has decreased by 60% from the previous average, which may signal a change in sentiment or expectations. This mixed information leads to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100