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.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BITF:
- Bitfarms Ltd. Reports Q3 2025 Earnings and Strategic Shift
- Bitcoin (BTC) Falls Below $100,000 as Crypto Slide Worsens
- Bitfarms Earnings Call: Revenue Soars Amid Strategic Shift
- Bitfarms Advances AI Infrastructure with Strong Financial Backing
- Bitfarms reports Q3 EPS (8c), consensus (2c)