Needham & Company LLC Issues Positive Forecast for Bitdeer Technologies Group (NASDAQ:BTDR) Stock Price

Bitdeer Technologies Group (NASDAQ:BTDR) had its target price raised by Needham & Company LLC from $18.00 to $19.00 in a research report released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also issued reports about the company. Zacks Research lowered Bitdeer Technologies Group from a “hold” rating to a “strong sell” rating in a research report on Monday, March 16th. Wall Street Zen lowered Bitdeer Technologies Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Bitdeer Technologies Group in a research report on Monday, April 20th. Benchmark decreased their target price on Bitdeer Technologies Group from $38.00 to $27.00 and set a “buy” rating for the company in a research report on Tuesday, February 10th. Finally, BTIG Research restated a “buy” rating on shares of Bitdeer Technologies Group in a research report on Friday, January 16th. Nine analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Bitdeer Technologies Group presently has a consensus rating of “Moderate Buy” and an average price target of $24.50.

Bitdeer Technologies Group Stock Performance

Shares of NASDAQ:BTDR opened at $13.35 on Friday. The stock has a market capitalization of $3.14 billion, a P/E ratio of -3.87 and a beta of 2.32. Bitdeer Technologies Group has a 1-year low of $6.92 and a 1-year high of $27.80. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average price of $10.47 and a two-hundred day moving average price of $11.99.

Bitdeer Technologies Group (NASDAQ:BTDR) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.68) earnings per share for the quarter, missing the consensus estimate of ($0.47) by ($0.21). The firm had revenue of $188.93 million for the quarter, compared to the consensus estimate of $184.02 million. Bitdeer Technologies Group had a negative return on equity of 70.29% and a negative net margin of 68.11%.The business’s revenue for the quarter was up 169.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.37) earnings per share. Equities analysts predict that Bitdeer Technologies Group will post -1.06 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BTDR. Goldman Sachs Group Inc. lifted its stake in Bitdeer Technologies Group by 167.6% in the first quarter. Goldman Sachs Group Inc. now owns 483,022 shares of the company’s stock valued at $4,265,000 after buying an additional 302,548 shares in the last quarter. Legal & General Group Plc lifted its stake in Bitdeer Technologies Group by 39.0% in the second quarter. Legal & General Group Plc now owns 73,541 shares of the company’s stock valued at $844,000 after buying an additional 20,640 shares in the last quarter. New York State Common Retirement Fund bought a new position in Bitdeer Technologies Group in the second quarter valued at approximately $326,000. Invesco Ltd. lifted its stake in Bitdeer Technologies Group by 169.0% in the second quarter. Invesco Ltd. now owns 71,822 shares of the company’s stock valued at $825,000 after buying an additional 45,120 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in Bitdeer Technologies Group in the second quarter valued at approximately $1,558,000. Institutional investors own 22.25% of the company’s stock.

Key Bitdeer Technologies Group News

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

• Positive Sentiment: B. Riley Financial raised its price target to $23 and reiterated a buy rating, implying substantial upside from current levels. B. Riley price target increase article
• Positive Sentiment: Rosenblatt Securities lifted its target to $25 and kept a buy rating, signaling continued confidence in Bitdeer’s growth story. Rosenblatt price target increase article
• Positive Sentiment: Needham & Company and Cantor Fitzgerald also raised targets, reflecting improved analyst expectations after the quarter. Needham and Cantor price target increase article
• Neutral Sentiment: Bitdeer’s revenue surged year over year, but profitability remains uneven, leaving investors focused on whether growth can translate into better earnings. Q1 2026 financial results
• Negative Sentiment: The EPS miss suggests costs and margin pressure are still weighing on results, which can pressure the stock despite revenue strength. Bitdeer falls short of first-quarter expectations despite revenue surge

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.