Needham & Company LLC Issues Pessimistic Forecast for Bitdeer Technologies Group (NASDAQ:BTDR) Stock Price

Bitdeer Technologies Group (NASDAQ:BTDR) had its price target lowered by stock analysts at Needham & Company LLC from $20.00 to $18.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC‘s price objective would suggest a potential upside of 180.81% from the company’s previous close.

Other analysts also recently issued reports about the stock. Wall Street Zen upgraded shares of Bitdeer Technologies Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 31st. Rosenblatt Securities restated a “buy” rating and set a $25.00 price objective on shares of Bitdeer Technologies Group in a report on Tuesday, September 15th. Weiss Ratings cut shares of Bitdeer Technologies Group from a “hold (c-)” rating to a “sell (d-)” rating in a report on Friday, October 2nd. B. Riley Financial lowered their target price on shares of Bitdeer Technologies Group from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, October 30th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Bitdeer Technologies Group from $14.00 to $10.00 and set a “market perform” rating on the stock in a report on Thursday, August 13th. Ten analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Bitdeer Technologies Group has a consensus rating of “Moderate Buy” and an average price target of $21.40.

Bitdeer Technologies Group Trading Down 3.0%

NASDAQ BTDR opened at $6.41 on Wednesday. The stock has a 50-day simple moving average of $9.62 and a 200 day simple moving average of $11.43. The company has a market capitalization of $1.46 billion, a PE ratio of -2.09 and a beta of 2.72. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.20. Bitdeer Technologies Group has a 12 month low of $5.03 and a 12 month high of $20.72.

Bitdeer Technologies Group (NASDAQ:BTDR) last released its earnings results on Tuesday, November 10th. The company reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.13). Bitdeer Technologies Group had a negative net margin of 55.15% and a negative return on equity of 54.72%. The company had revenue of $320.75 million during the quarter, compared to analyst estimates of $258.18 million. During the same period in the previous year, the company posted ($1.28) EPS. The company’s quarterly revenue was up 89.0% compared to the same quarter last year. Research analysts forecast that Bitdeer Technologies Group will post -1.68 EPS for the current year.

Insider Transactions at Bitdeer Technologies Group

In other Bitdeer Technologies Group news, insider Haris Basit purchased 25,000 shares of the stock in a transaction on Friday, August 14th. The stock was bought at an average cost of $8.84 per share, for a total transaction of $221,000.00. Following the completion of the acquisition, the insider directly owned 35,000 shares of the company’s stock, valued at $309,400. The trade was a 250.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Hedge Funds Weigh In On Bitdeer Technologies Group

Several institutional investors have recently modified their holdings of BTDR. Funde Sino Life Insurance Co Ltd acquired a new position in shares of Bitdeer Technologies Group in the 3rd quarter valued at approximately $109,795,000. Bank of America Corp DE increased its stake in Bitdeer Technologies Group by 1,366.7% during the 1st quarter. Bank of America Corp DE now owns 3,227,585 shares of the company’s stock worth $27,919,000 after purchasing an additional 3,007,523 shares in the last quarter. Yong Rong HK Asset Management Ltd bought a new stake in Bitdeer Technologies Group during the 3rd quarter worth approximately $22,029,000. Situational Awareness LP raised its holdings in Bitdeer Technologies Group by 92.4% during the 1st quarter. Situational Awareness LP now owns 3,439,450 shares of the company’s stock worth $29,751,000 after buying an additional 1,651,450 shares during the period. Finally, Fund Resources Investment Holding Group Co Ltd acquired a new stake in Bitdeer Technologies Group during the 3rd quarter worth approximately $8,353,000. Institutional investors own 22.25% of the company’s stock.

Key Bitdeer Technologies Group News

Here are the key news stories impacting Bitdeer Technologies Group this week:

• Positive Sentiment: Q3 revenue reached a record $320.7 million, up 89% year over year and above the roughly $258 million consensus estimate. Adjusted EBITDA increased 173% to $69.6 million, showing strong growth in the quarter. Bitdeer Q3 2026 results
• Positive Sentiment: Management said crypto-mining infrastructure capex is expected to be at or below $200 million, while the first phase of the Tydal project remains on schedule for year-end delivery. Cost discipline and execution could support growth without an open-ended increase in spending. Capex and Tydal update
• Neutral Sentiment: Traders bought substantially more BTDR call options than usual, indicating increased options-market activity that may reflect bullish positioning, but it does not establish a lasting change in sentiment. BTDR call-option trading
• Negative Sentiment: Bitdeer reported a Q3 loss of $0.46 per share, missing analysts’ expected loss of $0.33. Although the loss improved from $1.28 per share a year earlier, the miss—and the company’s negative net margin—may help explain why strong revenue growth did not translate into a more favorable stock reaction. Bitdeer Q3 earnings

About Bitdeer Technologies Group

Bitdeer Technologies Group is a technology company focused on cryptocurrency mining and related infrastructure. Its business includes operating mining data centers, mining digital assets for its own account, and providing hosting services that allow customers to deploy and operate mining equipment. The company also develops and sells cryptocurrency mining machines and offers cloud hash rate services, which provide customers access to computing capacity for mining without requiring them to operate the equipment themselves.