Bitdeer Technologies Group (NASDAQ:BTDR) Price Target Lowered to $22.00 at Needham & Company LLC

Bitdeer Technologies Group (NASDAQ:BTDR) had its price target lowered by Needham & Company LLC from $30.00 to $22.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price objective points to a potential upside of 112.15% from the company’s current price.

A number of other analysts have also commented on the stock. Cantor Fitzgerald decreased their price target on shares of Bitdeer Technologies Group to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, December 16th. BTIG Research reiterated a “buy” rating on shares of Bitdeer Technologies Group in a report on Friday, January 16th. UBS Group reissued a “buy” rating on shares of Bitdeer Technologies Group in a research report on Thursday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bitdeer Technologies Group in a research report on Wednesday, January 21st. Finally, HC Wainwright cut their price target on Bitdeer Technologies Group from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday. Ten investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.60.

Bitdeer Technologies Group Stock Performance

Shares of Bitdeer Technologies Group stock opened at $10.37 on Friday. The business has a 50-day simple moving average of $12.29 and a 200 day simple moving average of $14.79. Bitdeer Technologies Group has a one year low of $6.84 and a one year high of $27.80. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.90 and a quick ratio of 0.74. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of -1.84 and a beta of 2.33.

Bitdeer Technologies Group (NASDAQ:BTDR) last announced its quarterly earnings data on Thursday, February 12th. The company reported ($0.73) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.59). The firm had revenue of $224.84 million during the quarter, compared to analyst estimates of $208.25 million. Bitdeer Technologies Group had a negative net margin of 115.59% and a negative return on equity of 91.31%. Bitdeer Technologies Group’s revenue was up 225.8% compared to the same quarter last year. On average, research analysts anticipate that Bitdeer Technologies Group will post -0.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bitdeer Technologies Group

Institutional investors have recently added to or reduced their stakes in the company. Swiss National Bank increased its stake in Bitdeer Technologies Group by 11.6% in the 4th quarter. Swiss National Bank now owns 198,700 shares of the company’s stock valued at $2,227,000 after buying an additional 20,600 shares during the last quarter. Nuveen LLC grew its holdings in shares of Bitdeer Technologies Group by 17.8% in the fourth quarter. Nuveen LLC now owns 319,381 shares of the company’s stock valued at $3,580,000 after acquiring an additional 48,304 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Bitdeer Technologies Group during the fourth quarter valued at approximately $34,000. Deutsche Bank AG lifted its holdings in Bitdeer Technologies Group by 7.2% during the fourth quarter. Deutsche Bank AG now owns 102,462 shares of the company’s stock worth $1,149,000 after acquiring an additional 6,860 shares during the period. Finally, Franklin Resources Inc. purchased a new position in Bitdeer Technologies Group in the fourth quarter worth $173,000. 22.25% of the stock is owned by institutional investors.

Key Headlines Impacting Bitdeer Technologies Group

Here are the key news stories impacting Bitdeer Technologies Group this week:

• Positive Sentiment: Q4 revenue and profitability highlights — total revenue surged year‑over‑year to $224.8M and the company reported a GAAP net profit and positive adjusted EBITDA for Q4. These operational improvements support Bitdeer’s pivot toward AI/colocation services. QuiverQuant: Strong Q4 Results
• Positive Sentiment: Analyst support remains mixed but constructive — several firms still carry buy/overweight ratings and HC Wainwright retained a “buy” while lowering its target to $25, leaving upside vs. current levels. HC Wainwright PT Lowered
• Neutral Sentiment: Short‑interest reports in the data feed show anomalous/zero figures and days‑to‑cover metrics that appear unreliable — no clear signal of an increase in sustained short pressure from those data entries.
• Negative Sentiment: EPS miss / mixed headline — diluted EPS came in worse than Wall Street consensus (MarketBeat/Zacks reported a $0.73 loss vs. an expected ~$0.14 loss on a diluted basis), which spooked traders despite the revenue beat. Zacks: Q4 Loss, Beats Revenue
• Negative Sentiment: Liquidity and cash‑flow concerns — the company reported very large net cash used in operating activities (~$599.5M for Q4) and sizable increases in inventories, prepayments and borrowings, raising short‑term financing and execution risk for the growth plan. Business Insider: Unaudited Financial Results
• Negative Sentiment: Non‑cash accounting effects cloud the print — large fair‑value gains on derivative liabilities and convertible note items materially boosted GAAP profit, making the underlying operating picture harder to judge and prompting skepticism from some investors and analysts. See company MD&A for details. Company Q4 Deck / MD&A
• Negative Sentiment: Analyst downgrades / pessimistic commentary — Benchmark issued a bearish forecast and at least one outlet flagged a downgrade that preceded intraday selling, adding to negative sentiment. Benchmark Pessimistic Forecast Analyst Downgrade / Shares Down

About Bitdeer Technologies Group

Bitdeer Technologies Group Inc (NASDAQ:BTDR) is a global digital asset mining and computing services provider focused on delivering secure and efficient hashrate solutions to institutional and retail customers. The company leverages its proprietary mining platform to offer hosted mining, hashrate sales and management services, enabling clients to access large-scale mining operations without direct investment in hardware or infrastructure.

Bitdeer’s core offerings include mining hosting services, whereby the firm installs, operates and maintains specialized mining equipment on behalf of customers, and hashrate-as-a-service products that provide fixed-capacity mining power with transparent pricing structures.