Noble Financial analyst Joe Gomes maintained a Buy rating on Bit Digital (BTBT – Research Report) today and set a price target of $5.50. The company’s shares closed yesterday at $3.77.
Gomes covers the Industrials sector, focusing on stocks such as Kelly Services, Geo Group, and V2X. According to TipRanks, Gomes has an average return of 5.8% and a 43.99% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Bit Digital with a $5.83 average price target, implying a 54.64% upside from current levels. In a report released on July 1, H.C. Wainwright also reiterated a Buy rating on the stock with a $6.00 price target.
BTBT market cap is currently $432M and has a P/E ratio of 11.73.
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Bit Digital (BTBT) Company Description:
Golden Bull Ltd. is an online finance marketplace lending company, which engages in the provision of short-term loans. Through its online marketplace, the company connects individual lenders with individual and small business borrowers. The company was founded by Er Xin Zeng in November 2015 and is headquartered in Shanghai, China.
Read More on BTBT:
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- Bit Digital reports June production 61.7 BTC, 2.5% down from previous month
- Alameda-backed miner Genesis Digital Assets considering U.S. IPO, Bloomberg says
- Bit Digital price target raised to $6 from $5 at H.C. Wainwright
- Bit Digital awarded GPU contract expansion to $275M
