B. Riley Cuts BitMine Immersion Technologies (NYSEAMERICAN:BMNR) Price Target to $47.00

Posted by Micah Haroldson on Nov 20th, 2025

BitMine Immersion Technologies (NYSEAMERICAN:BMNR – Get Free Report) had its target price lowered by stock analysts at B. Riley from $90.00 to $47.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley’s price objective would indicate a potential upside of 76.03% from the company’s current price.

Separately, Zacks Research raised BitMine Immersion Technologies to a “hold” rating in a research note on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $47.00.

Read Our Latest Research Report on BitMine Immersion Technologies

BitMine Immersion Technologies Stock Performance

Shares of BitMine Immersion Technologies stock traded down $2.48 during midday trading on Thursday, hitting $26.70. 38,363,007 shares of the company were exchanged, compared to its average volume of 22,292,877. The company has a market capitalization of $7.46 billion and a price-to-earnings ratio of -61.02. The firm has a 50 day simple moving average of $49.35. BitMine Immersion Technologies has a 52 week low of $3.20 and a 52 week high of $161.00.

Hedge Funds Weigh In On BitMine Immersion Technologies

Several large investors have recently bought and sold shares of the business. Comerica Bank acquired a new position in BitMine Immersion Technologies during the third quarter valued at approximately $138,000. Texas Capital Bank Wealth Management Services Inc bought a new position in shares of BitMine Immersion Technologies in the third quarter valued at $302,000. Epoch Investment Partners Inc. bought a new stake in BitMine Immersion Technologies during the third quarter worth $838,000. Family Management Corp lifted its stake in BitMine Immersion Technologies by 12.0% in the third quarter. Family Management Corp now owns 16,605 shares of the company’s stock valued at $862,000 after acquiring an additional 1,778 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC bought a new position in shares of BitMine Immersion Technologies in the 3rd quarter valued at about $140,000.