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Alliance Global Partners Reaffirms Their Buy Rating on Bitfarms (BITF)

Tipranks - Tipranks - Tue Apr 7, 11:30AM CDT

Alliance Global Partners analyst Brian Kinstlinger maintained a Buy rating on Bitfarms on April 2 and set a price target of $5.00. The company’s shares closed last Thursday at C$2.76.

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Kinstlinger covers the Technology sector, focusing on stocks such as Rezolve AI, Gorilla Technology Group Inc., and Inuvo. According to TipRanks, Kinstlinger has an average return of 10.2% and a 43.80% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Bitfarms with a $4.18 average price target, which is a 51.45% upside from current levels. In a report released on March 31, H.C. Wainwright also reiterated a Buy rating on the stock with a $3.70 price target.

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The company has a one-year high of C$9.27 and a one-year low of C$0.96. Currently, Bitfarms has an average volume of 4.32M.

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