Where Bitfarms Stands With Analysts
Portfolio Pulse from Benzinga Insights
Analysts have rated Bitfarms (NASDAQ:BITF) with 2 bullish and 4 somewhat bullish ratings in the last quarter. The average 12-month price target for BITF is $2.83, with a high of $4.00 and a low of $2.00, representing a 5.67% decrease from the previous target of $3.00. These ratings suggest a generally positive outlook from analysts.
November 29, 2023 | 1:00 pm
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POSITIVE IMPACT
Bitfarms has received a generally positive outlook from analysts with 6 favorable ratings and an average price target of $2.83, which is a slight decrease from the previous target.
The predominance of bullish ratings indicates a positive sentiment among analysts, which could lead to increased investor confidence and a potential short-term uplift in BITF's stock price. However, the decrease in the average price target might temper some of the positive impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100