When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Bit Digital posted solid Q3 results with $30.5M revenue, $146.7M net income, and a notable earnings beat driven by digital asset appreciation. BTBT's investment thesis now centers on its Ethereum treasury strategy and WhiteFiber AI hosting pivot, as Bitcoin mining operations was further wound down in Q3. The lack of a major AI hosting contract announcement for WhiteFiber has muted market enthusiasm, despite solid GPU assets and ongoing capacity expansion.
Analysts at Noble Capital Markets have repeated their ‘Outperform' rating on Bit Digital Inc (NASDAQ:BTBT) following its latest quarterly results, which marked the company's first full reporting period as an Ethereum (ETH)-focused treasury and staking operation. Their price target of $5.50 implies upside of about 140% from current levels.
Bit Digital Inc (NASDAQ:BTBT) reported third quarter 2025 revenue that rose 33% year over year to $30.5 million, driven primarily by growth in its WhiteFiber business lines and from higher revenue from Ethereum (ETH) staking. The digital asset platform also swung to a profit for the period of $146.7 million, or $0.47 per diluted share, compared with a net loss of $38.8 million, or $0.26 per diluted share, a year earlier.
Bit Digital, Inc. (BTBT) closed the most recent trading day at $3.04, moving 3.18% from the previous trading session.
Noble Capital Markets analysts have repeated their ‘Outperform' rating on Bit Digital Inc (NASDAQ:BTBT) following the company's monthly update, citing its growing Ethereum holdings and potential upside from its WhiteFiber stake. The firm also maintained its $5.50 price target, which implies upside of about 75% from Bit Digital's share price at their time of writing.
The latest trading day saw Bit Digital, Inc. (BTBT) settling at $4.06, representing a -1.69% change from its previous close.
Analysts at Noble Capital Markets remain bullish on Bit Digital Inc (NASDAQ:BTBT) following the company's monthly Ethereum (ETH) treasury and staking update for September. Noble maintained its ‘Outperform' rating and $5.50 price target, implying upside of about 36% at their time of writing.
In the latest trading session, Bit Digital, Inc. (BTBT) closed at $3.74, marking a -1.06% move from the previous day.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Zacks.com users have recently been watching Bit Digital (BTBT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Bit Digital, Inc. (BTBT) closed at $3 in the latest trading session, marking a -6.25% move from the prior day.