Bitfarms price target lowered to $6 from $7 at Clear Street

Clear Street lowered the firm’s price target on Bitfarms (BITF) to $6 from $7 and keeps a Buy rating on the shares. The firm is citing its marginally lower expected 2027 adjusted EBITDA estimate and a higher share count while also noting that Q2 results missed expectations due to weaker-than-modeled BTC production, lower average BTC prices, and ongoing impacts from the Argentina wind-down, the analyst tells investors in a research note.