B. Riley Securities Maintains Buy on Bitfarms, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has maintained its Buy rating on Bitfarms (NASDAQ:BITF) but lowered the price target from $4 to $3.
May 17, 2024 | 4:57 pm
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NEUTRAL IMPACT
B. Riley Securities has maintained its Buy rating on Bitfarms but lowered the price target from $4 to $3.
The maintained Buy rating suggests continued confidence in Bitfarms' long-term prospects, but the lowered price target indicates a more cautious short-term outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100