Alliance Global Partners initiates coverage on Bitdeer with 'buy' rating

Bitdeer Technologies

08/10/2024 18:48

** Alliance Global Partners initiates coverage on Bitdeer
Technologies  BTDR.O  with "buy" rating and PT of $14, a ~98.3%
upside on stock's last close
    ** Brokerage expects BTDR to increase its self-mining hash
rate
    ** BTDR has several other businesses that diversify it from
volatility of bitcoin and helps company during bull cycle,
brokerage says
    ** All of 10 brokerages rate BTDR stock "buy" and higher;
their median PT is $14 - LSEG data
    **  Including session's moves, stock down ~28% YTD

 (Reporting by Prakhar Srivastava in Bengaluru)
 ((Prakhar.srivastava2@thomsonreuters.com))