Bitdeer price target raised to $29 from $16 at Benchmark

Benchmark raised the firm’s price target on Bitdeer (BTDR) to $29 from $16 and keeps a Buy rating on the shares. The recent upward surge in Bitdeer Technologies’ share price is “remarkable not only for its magnitude, but also because the appreciation can’t be attributed to a single driver,” says the analyst, who notes that the stock has almost quadrupled in price during the past four months, including an increase of about 169% in the past month.