Bitdeer Technologies Group (NASDAQ:BTDR) is one of the best US stocks to buy under $50. On January 16, analysts at BTIG reiterated a Buy rating on Bitdeer Technologies Group (NASDAQ:BTDR) and set a $25 price target.
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The research firm remains confident about the company’s prospects, having raised its 2025 revenue estimates to $615 million from an initial projection of $588 million. It also expects 2026 revenue to reach $1.1 billion, an improvement from its initial guidance of $1 billion. Likewise, the research firm expects the company to deliver EBITDA of about $374 million.
Analysts at Rosenblatt Securities have also reiterated a Buy rating on the stock with a $30 price target, impressed by the company’s productive December performance. During the month, the company increased its Bitcoin mining output by 21% as it expanded the deployment of its generation mining rig, Sealminer A3, to 5.9 EH/s from 0.6 EH/s in November. Rosenblatt has also touted the company’s prospects as it converts an additional 225MW capacity to support AI applications.
Bitdeer Technologies Group is a global tech company specializing in Bitcoin mining and AI cloud services, offering end-to-end solutions including datacenter management, hash rate sharing, and proprietary mining, while also expanding into robust AI infrastructure with NVIDIA GPUs for advanced computing workloads.
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This article is originally published at Insider Monkey.
