Analysts Give Mixed Opinions on Bitfarms (BITF) Ratings

Core Viewpoint - Bitfarms Ltd. (NASDAQ:BITF) is facing mixed analyst opinions, with concerns about its leasing agreements and rising leverage, despite a raised price target from $2.50 to $3 [1][2]. Group 1: Analyst Ratings and Opinions - Keefe, Bruyette downgraded Bitfarms to Market Perform from Outperform but increased the price target to $3, indicating potential challenges in securing leasing agreements and rising capital expenditures [1]. - KBW analyst Catherine Mealor maintained a Hold rating, citing insufficient differentiated upside in Bitfarms' risk-reward profile, which prevented a Buy recommendation despite some advantages [2]. Group 2: Company Overview - Bitfarms Ltd. operates cryptocurrency mining server farms that validate transactions on the Bitcoin blockchain, positioning itself within the cryptocurrency industry [3].

Analysts Give Mixed Opinions on Bitfarms (BITF) Ratings - Reportify