Bitdeer Technologies: 78% Target Increase Expectation

Bitdeer Technologies Group (NASDAQ:BTDR) is considered one of the hot technology stocks recommended for purchase by Wall Street analysts. On October 22, B. Riley raised Bitdeer's target price from $17 to $32, maintaining an 'Buy' rating for the stock. This sentiment emerged as the firm updated its forecasts and valuations for companies focusing on HPC, resulting in an average target price increase of 78% and a 5% rise in 2026 forecasts.

According to the firm, despite recent stock pullbacks, shares of these companies have seen significant value gains since mid-2025. This performance is supported by high demand for energy and data centers related to artificial intelligence. B. Riley also suggested that new agreements, such as the cloud partnership between Google and Anthropic, could provide additional upward potential for the industry.

Bitdeer Technologies Group is a technology company operating in the blockchain and HPC fields in Singapore, the USA, Bhutan, and Norway.

While we acknowledge BTDR's potential as an investment opportunity, we believe that some artificial intelligence stocks offer higher upside potential and carry less downside risk. If you are looking for an extremely undervalued AI stock that could significantly benefit from Trump-era tariffs and production relocation trends, be sure to check out our free report on the best short-term AI stocks.