Bitdeer price target raised to $30 from $22 at Rosenblatt

Rosenblatt analyst Kevin Cassidy raised the firm’s price target on Bitdeer (BTDR) to $30 from $22 and keeps a Buy rating on the shares after hosting meetings with management. The firm says its key takeaway is that Bitdeer has a sound strategy for transitioning the company into the world’s largest vertically integrated bitcoin miner. With expanding access to power, there is “great potential” for the company to diversify into artificial intelligence, the analyst tells investors in a research note.