B. Riley raised the firm’s price target on Bitcoin Depot (BTM) to $4.70 from $4.50 and keeps a Buy rating on the shares. Bitcoin Depot reported Q4 results in line with their pre-announcement as it is seeing success as its new and repositioned kiosks are beginning to show rising productivity, the analyst tells investors in a research note. The firm sees Bitcoin Depot as having easy comparisons and growth catalysts entering the new year.
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- Bitcoin Depot sees Q1 revenue $151M-$154M, consensus $133.87M
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