Benchmark reaffirms its $27 price target for Bitdeer shares, citing attractive valuation relative to peers.
Benchmark reiterated its $27 price target for Bitdeer (BTDR) shares, describing the stock as ‘comparatively inexpensive.’ The firm did not adjust its valuation despite recent market movements, signaling confidence in the company’s positioning.
The $27 target remains unchanged from prior assessments, reflecting Benchmark’s view of Bitdeer’s relative value. No consensus estimate or comparable period was provided in the firm’s latest note.
Bitdeer shares have traded below the target in recent sessions, aligning with Benchmark’s assessment of undervaluation.