In a report released today, George Sutton from Craig-Hallum maintained a Buy rating on Bit Digital. The company’s shares closed yesterday at $3.74.
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According to TipRanks, Sutton is a 5-star analyst with an average return of 26.5% and a 55.24% success rate. Sutton covers the Technology sector, focusing on stocks such as Applied Digital Corporation, DeFi Development Corporation, and WhiteFiber, Inc..
Currently, the analyst consensus on Bit Digital is a Strong Buy with an average price target of $5.30, implying a 41.71% upside from current levels. In a report released today, H.C. Wainwright also reiterated a Buy rating on the stock with a $7.00 price target.
The company has a one-year high of $5.74 and a one-year low of $1.69. Currently, Bit Digital has an average volume of 34.66M.
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