Bitdeer price target raised to $19 from $18 at H.C. Wainwright

H.C. Wainwright raised the firm’s price target on Bitdeer (BTDR) to $19 from $18 and keeps a Buy rating on the shares. The firm views the company’s Q2 report as an inflection point in its financials. The company reported a big revenue beat and reiterated that it remains on track to achieve its previously stated 2025 guidance which calls for 40 EH/s of self-mining capacity by October, the analyst tells investors in a research note. H.C. Wainwright expects a “significant ramp” in Bitdeer’s sales over the coming quarters as its self-mining capacity expands.