Cantor Fitzgerald raised the firm’s price target on Bitfarms (BITF) to $5 from $2.20 and keeps an Overweight rating on the shares. Bitfarms’ reported numbers were impacted by the company moving a part of its business to discontinued operations, but the earnings call was “encouraging” on multiple fronts, the analyst tells investors in a research note.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BITF:
- Bitfarms price target raised to $6 from $2.50 at Alliance Global
- Bitfarms price target lowered to $5 from $6 at Clear Street
- Bitfarms price target lowered to $4 from $5.50 at H.C. Wainwright
- Bitfarms Ltd. Reports Q3 2025 Earnings and Strategic Shift
- Bitcoin (BTC) Falls Below $100,000 as Crypto Slide Worsens