Bitcoin Depot (NASDAQ:BTM) PT Raised to $5.50 by B. Riley from $4.70

Bitcoin Depot (NASDAQ:BTM – Get Free Report) had its target price hoisted by stock analysts at B. Riley from $4.70 to $5.50

Despite an upbeat assessment of Bitcoin Depot (NASDAQ:BTM – Get Free Report) and a suggestion to keep an eye on the company's stock, analysts at B. Riley have increased their price target for the company's shares.

Following a review, the analysts, who previously had a $4.70 target price, adjusted their valuation to $5.50 in a note on Friday. This adjustment represents a 105.22% potential upside from the company's last closing price.

Moreover, B. Riley has provided estimates for Bitcoin Depot's second-quarter 2025 earnings at $0.13 EPS and full-year 2025 earnings at $0.52 EPS.

In other news concerning Bitcoin Depot, Northland Securities has upgraded the company's stock from a "market perform" rating to "outperform" rating and set a $5.00 price target on the stock in a research note on Friday.

Meanwhile, HC Wainwright has maintained a "buy" rating and set a $4.00 price target on shares of Bitcoin Depot in a research report on Tuesday, March 18th.

Three analysts have given the company a buy rating, while two analysts have assigned a strong buy rating to the company. Observing trends on TipRanks, the stock has an average rating of "Buy" and an average price target of $4.83.

Bitcoin Depot last posted its earnings results on Thursday, May 15th, reporting $0.20 earnings per share for the quarter, exceeding the average estimate by $0.11. The company's return on equity was negative at 488.33%, and its net margin was negative at 2.28%.

Bitcoin Depot is a publicly traded company that operates a network of cryptocurrency kiosks in North America. Customers can buy and sell cryptocurrencies such as bitcoin, litecoin, and ethereum using the BTM kiosk network and other services.

The company also engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering, as well as on its website via over-the-counter trade.

As of December 31, 2024, Bitcoin Depot's kiosks were available in 21 states, 14 of which were in the U.S.

The company's stock is traded on the Nasdaq and has a market capitalization of $524.37 million.