
BTM Stock Forecast & Price Target
BTM Analyst Ratings
Bulls say
Bitcoin Depot Inc. has demonstrated robust financial performance, with total revenues rising by 12% year-over-year to $361 million in the first half of 2023 and an 18% increase to $647 million in 2022, underscoring the effectiveness of its kiosk expansion strategy. The company's projected revenue growth at a 10% compound annual growth rate (CAGR) from $647 million in 2022 to $869 million by 2025 suggests a strong continuation of its upward trajectory, driven by an increase in both deployed kiosks and revenue per kiosk. Furthermore, Bitcoin Depot's significant transaction volume growth, expanding from $2 million in 2016 to $647 million in 2022, reflects the increasing market demand for cash-based Bitcoin transactions, reinforcing the company’s solid position in the digital economy.
Bears say
Bitcoin Depot Inc has reported total revenues of $148.4 million, which fell below both internal estimates and consensus expectations, marking a year-over-year decline of 1% and a quarter-over-quarter decline of 17%. The company has subsequently lowered its 2024 revenue and adjusted EBITDA estimates to $602.9 million and $27.4 million, respectively, which reflects a significant reduction driven by lower revenue per kiosk and the impact of unfavorable legislation in California. Furthermore, the introduction of 1Q24 guidance suggests a projected revenue decline of approximately 16% year-over-year, indicating potential challenges in transaction volumes and overall business performance.
This aggregate rating is based on analysts' research of Bitcoin Depot Inc and is not a guaranteed prediction by Public.com or investment advice.
BTM Analyst Forecast & Price Prediction
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