H.C. Wainwright lowered the firm’s price target on Bitfarms (BITF) to $4 from $5.50 and keeps a Buy rating on the shares. The company reported “lackluster” Q3 results, the analyst tells investors in a research note. However, the firm believes the recent rotation out of artificial intelligence-related stocks “has created an attractive buying opportunity.” It views Bitfarms as one of the most underappreciated bitcoin miners.
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