American Bitcoin Analysts Predict $37.50 Price Target

Research firms covering American Bitcoin Corp. (NASDAQ:ABTC) have assigned a consensus rating of 'Moderate Buy' among the six analysts covering the firm, according to MarketBeat Ratings.

The analysts have given a range of ratings, with one assigning a sell rating, one a hold rating, and four buying ratings. The average twelve-month price target among brokers is $37.50.

Maxim Group and BTIG Research both gave the company a buy rating with a price objective of $15.00 in their respective reports on July 21st and September 16th.

Director Justin Mateen purchased 162,438 shares of the company's stock on August 6th at an average price of $6.19 per share, increasing his ownership by 49.24%.