Analyst Price Target is $3.67
▲ +41.57% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for Bitfarms in the last 3 months. The average price target is $3.67, with a high forecast of $5.00 and a low forecast of $2.00. The average price target represents a 41.57% upside from the last price of $2.59.
Current Consensus is
The current consensus among 4 polled investment analysts is to buy stock in Bitfarms. This Buy consensus rating has held steady for over two years.
Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. Bitfarms Ltd. was founded in 2017 and is based in Toronto, Canada.