Bitdeer price target lowered to $25 from $30 at Rosenblatt

Rosenblatt lowered the firm’s price target on Bitdeer (BTDR) to $25 from $30 and keeps a Buy rating on the shares. The firm says that with bitcoin prices tracking lower than its previous estimate, it adjusted Bitdeer’s quarterly revenue estimates downward. Lower bitcoin prices has certain customers delaying final payment, the analyst tells investors in a research note. However, Bitdeer believes that with transformative initiatives across mining, infrastructure, and AI, Bitdeer is well positioned for growth in 2025.