Based on analyst ratings, Bitfarms's 12-month average price target is C$6.16. Bitfarms has 159.72% upside potential, based on the analysts' average price target. Bitfarms has a conensus rating of Strong Buy which is based on 6 buy ratings, 0 hold ratings and 0 sell ratings.

Based on 6 Wall Street analysts offering 12 month price targets for Bitfarms in the last 3 months. The average price target is $4.50 with a high forecast of $7.00 and a low forecast of $3.25. The average price target represents a 145.90% change from the last price of $1.83.

Bitfarms develops, owns, and operates vertically integrated mining farms with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Company's proprietary data analytics system delivers best-in-class operational performance and uptime.

According to our current BITF stock forecast, the value of Bitfarms Ltd. shares will rise by 16.57% and reach $ 2.13 per share by May 13, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 39 (Fear).