Stifel upgraded Bitfarms (BITF) to Speculative Buy from Hold with a price target of $3.50, up from $2.30, after having updated estimates and adjusted target prices in the group with Bitcoin having seen “an explosive move” to close in on a “historic” $100,000 spot price following the election of pro-crypto candidate Donald Trump. Following the recent run, the firm anticipates top-line and margin expansion across most of its Bitcoin-linked coverage, the analyst tells investors.
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Read More on BITF:
- SEC Chair Gensler to depart agency on January 20
- Trump Trade: Transition team weighing White House crypto role
- Trump team weighing White House crypto role, Bloomberg reports
- Crypto Currents: Coinbase acquires Utopia Labs team
- Bitfarms Ltd. Reports Strong Q3 2024 Results
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
