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Stock impact report

Wall Street Remains Divided On Bitdeer Technologies (BTDR) Amidst Big Upside Potential [Yahoo! Finance]

Bitdeer Technologies Group - Ordinary Shares (BTDR) 
Company Research Source: Yahoo! Finance
Bruyette, downgraded Bitdeer Technologies Group (NASDAQ:BTDR) from Buy to Hold on January 26. He also lowered the firm's price target for the shares from $26.50 to $14, implying a 7.36% downside from the current levels. This reflects a more cautious view on the company's valuation outlook. The firm explained in a research note to investors that the company's growing focus on its AI cloud services introduces additional uncertainty about its long-term value-creation potential. The segment's relatively small scale drives this uncertainty at present, as does the limited visibility into expansion plans across the United States and Europe. Bitdeer Technologies remains well-positioned to become the leading publicly traded bitcoin miner by the end of 2026, as per the analyst, who also pointed out that mining is inherently a lower EBITDA multiple business, which continues to weigh on the overall investment case. In contrast to Keefe Bruyette, Needham analyst John Todaro maintained a Buy ra Show less Read more
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