Benchmark Raises Bitdeer Target Price to $16
Investment bank Benchmark said in a research note on Monday that the growing interest in crypto miner energy assets from artificial intelligence (AI) and high-performance computing (HPC) companies in recent months has boosted the value of Bitdeer.
As a result, Benchmark raised its price target on Bitdeer from $13 to $16 and reiterated its buy rating on the stock, which traded at $11.10 in pre-market trading.