HC Wainwright & Co. Maintains Buy on Bit Digital, Raises Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Kevin Dede has reaffirmed a Buy rating on Bit Digital (NASDAQ:BTBT) and increased the price target from $4 to $5. This adjustment suggests a positive outlook on the company's future performance.
December 04, 2023 | 11:39 am
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HC Wainwright & Co. analyst Kevin Dede maintains a Buy rating on Bit Digital and raises the price target from $4 to $5, indicating a bullish outlook on the stock.
The increase in price target by a reputable analyst typically signals confidence in the company's prospects, which can positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100