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Bitfarms (BITF)
NASDAQ:BITF
BITF Analyst Ratings
Strong Buy
4 Buy
0 Hold
0 Sell
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months
BITF Stock 12 Month Forecast
Average Price Target
$3.25
â–²(238.54%Upside)
| Highest Price Target$4.00 | Average Price Target$3.25 | Lowest Price Target$2.74 |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
Detailed List of Analyst Forecasts​
Detailed List of Analyst Forecasts​
Northland Securities
$3.25
Buy
238.54%
Upside
Reiterated
05/15/25
H.C. Wainwright
$4
Buy
316.67%
Upside
Reiterated
05/15/25
Alliance Global Partners
$3
Buy
212.50%
Upside
Reiterated
05/14/25
Unknown AnalystATB Capital Markets
Not Ranked
ATB Capital Markets
$4.75→$2.74
Buy
185.57%
Upside
Reiterated
03/28/25
KBW
$3.5
Buy
264.58%
Upside
Initiated
01/08/25
B.Riley Financial
$3→$4
Buy
316.67%
Upside
Reiterated
11/15/24
Cantor Fitzgerald
$5
Buy
420.83%
Upside
Assigned
10/01/24
Compass Point
$4.5
Buy
368.75%
Upside
Reiterated
08/12/24
We continue to believe BITF has underappreciated growth potential and the acquisition interest offers downside protection in the stock. We reiterate our Buy Rating, but lower our $4.50 based on 7-8x CY25 EV/EBITDA largely as a result of increased share count assumptions following the company's current ATM usage, which is likely to slow down going forward given the company's increased liquidity position. 2Q24 Results: BITF reported revenues/Adj. EBITDA of $41.5M/$11.6M below our previous estimates of $49M/$15.5M driven by slightly higher power costs and less operating hash rate online. BITF mined ~614 BTC during the quarter, at an implied avg operating hash rate of ~6.56 EH/s driven by likely downtime from replacing old miners with T21 orders.
Ranks
Any
Analyst Rating
Any
Upside/ Downside
Any
Action
Any
Northland Securities
$3.25
Buy
238.54%
Upside
Reiterated
05/15/25
H.C. Wainwright
$4
Buy
316.67%
Upside
Reiterated
05/15/25
Alliance Global Partners
$3
Buy
212.50%
Upside
Reiterated
05/14/25
Unknown AnalystATB Capital Markets
Not Ranked
ATB Capital Markets
$4.75→$2.74
Buy
185.57%
Upside
Reiterated
03/28/25
KBW
$3.5
Buy
264.58%
Upside
Initiated
01/08/25
B.Riley Financial
$3→$4
Buy
316.67%
Upside
Reiterated
11/15/24
Cantor Fitzgerald
$5
Buy
420.83%
Upside
Assigned
10/01/24
Compass Point
$4.5
Buy
368.75%
Upside
Reiterated
08/12/24
We continue to believe BITF has underappreciated growth potential and the acquisition interest offers downside protection in the stock. We reiterate our Buy Rating, but lower our $4.50 based on 7-8x CY25 EV/EBITDA largely as a result of increased share count assumptions following the company's current ATM usage, which is likely to slow down going forward given the company's increased liquidity position. 2Q24 Results: BITF reported revenues/Adj. EBITDA of $41.5M/$11.6M below our previous estimates of $49M/$15.5M driven by slightly higher power costs and less operating hash rate online. BITF mined ~614 BTC during the quarter, at an implied avg operating hash rate of ~6.56 EH/s driven by likely downtime from replacing old miners with T21 orders.
Best Analysts Covering Bitfarms
1 Month
xxx
Success Rate
4/6 ratings generated profit
Average Return
+27.98%
initiated a xxx
rating 5 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 66.67% of your transactions generating a profit, with an average return of +27.98% per trade.
3 Months
xxx
Success Rate
4/6 ratings generated profit
Average Return
+34.48%
initiated a xxx
rating 5 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 66.67% of your transactions generating a profit, with an average return of +34.48% per trade.
1 Year
Success Rate
4/6 ratings generated profit
Average Return
+47.12%
initiated a buy rating 5 months ago
Copying Bill Papanastasiou's trades and holding each position for 1 Year would result in 66.67% of your transactions generating a profit, with an average return of +47.12% per trade.
2 Years
xxx
Success Rate
4/6 ratings generated profit
Average Return
+56.35%
initiated a xxx
rating 5 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 66.67% of your transactions generating a profit, with an average return of +56.35% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
BITF Analyst Recommendation Trends
Rating
Dec 24
Jan 25
Mar 25
Apr 25
May 25
Strong Buy
6
6
5
5
7
Buy
0
0
0
0
0
Hold
0
0
0
0
0
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
6
6
5
5
7
Each month's total comprises the sum of three months' worth of ratings.
BITF Financial Forecast
BITF Stock Forecast FAQ
What is BITF’s average 12-month price target, according to analysts?
Based on analyst ratings, Bitfarms’s 12-month average price target is 3.25.
What is BITF’s upside potential, based on the analysts’ average price target?
Bitfarms has 238.54% upside potential, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is BITF a Buy, Sell or Hold?
Bitfarms has a consensus rating of Strong Buy which is based on 4 buy ratings, 0 hold ratings and 0 sell ratings.
What is Bitfarms’s price target?
The average price target for Bitfarms is 3.25. This is based on 4 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $4.00 ,the lowest forecast is $2.74. The average price target represents 238.54% Increase from the current price of $0.96.
The highest analyst price target is $4.00 ,the lowest forecast is $2.74. The average price target represents 238.54% Increase from the current price of $0.96.
What do analysts say about Bitfarms?
Bitfarms’s analyst rating consensus is a Strong Buy. This is based on the ratings of 4 Wall Streets Analysts.
How can I buy shares of BITF?
Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.