H.C. Wainwright analyst Kevin Dede reiterated a Buy rating on Bitfarms (BITF - Research Report) today and set a price target of $5.00. The company's shares closed yesterday at $2.18.Dede covers the Technology sector, focusing on stocks such as HIVE Blockchain Technologies, Bitfarms, and Biotricity. According to TipRanks, Dede has an average return of -4.2% and a 34.31% success rate on recommended stocks. Bitfarms has an analyst consensus of Moderate Buy, with a price target consensus of $5.00.See today’s best-performing stocks on TipRanks >>Based on Bitfarms' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $40.3 million and a net profit of $4.
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Bitfarms (NASDAQ:BITF)
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