American Bitcoin (NASDAQ:ABTC) Price Target Cut to $12.00 by Analysts at BTIG Research

American Bitcoin (NASDAQ:ABTC) had its price objective decreased by equities research analysts at BTIG Research from $15.00 to $12.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. BTIG Research‘s target price indicates a potential upside of 92.31% from the stock’s previous close.

ABTC has been the topic of a number of other reports. HC Wainwright initiated coverage on shares of American Bitcoin in a research note on Monday, October 12th. They set a “buy” rating and a $22.00 price target on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of American Bitcoin in a report on Monday, September 21st. Maxim Group set a $16.00 price target on American Bitcoin and gave the stock a “buy” rating in a report on Monday, October 12th. Wall Street Zen lowered shares of American Bitcoin from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Zacks Research raised shares of American Bitcoin to a “hold” rating in a report on Tuesday, October 13th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, American Bitcoin presently has a consensus rating of “Moderate Buy” and an average target price of $27.50.

American Bitcoin Price Performance

American Bitcoin stock opened at $6.24 on Thursday. The company’s 50 day simple moving average is $8.21 and its 200-day simple moving average is $12.39. American Bitcoin has a 1 year low of $4.92 and a 1 year high of $80.35.

American Bitcoin (NASDAQ:ABTC) last posted its earnings results on Wednesday, November 4th. The company reported $1.73 earnings per share for the quarter, missing the consensus estimate of $2.86 by ($1.13). The company had revenue of $63.35 million during the quarter, compared to analyst estimates of $72.70 million. American Bitcoin had a negative net margin of 71.75% and a negative return on equity of 29.89%. Analysts predict that American Bitcoin will post 1.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Bitcoin

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kingsbury Capital Investment Advisors LLC lifted its position in shares of American Bitcoin by 142.1% during the 2nd quarter. Kingsbury Capital Investment Advisors LLC now owns 2,391,091 shares of the company’s stock worth $1,629,000 after buying an additional 1,403,547 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of American Bitcoin in the 1st quarter valued at $1,589,000. PCG Wealth Advisors LLC grew its position in shares of American Bitcoin by 78.2% in the 2nd quarter. PCG Wealth Advisors LLC now owns 1,222,358 shares of the company’s stock valued at $833,000 after buying an additional 536,325 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in American Bitcoin by 54,246.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 874,972 shares of the company’s stock worth $808,000 after acquiring an additional 873,362 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in American Bitcoin during the 2nd quarter worth $273,000. 10.21% of the stock is owned by institutional investors and hedge funds.

Key American Bitcoin News

Here are the key news stories impacting American Bitcoin this week:

• Positive Sentiment: American Bitcoin reported a $126 million Q3 profit and $63.4 million in mining revenue. Its reserve grew to 8,427 BTC, including 127 BTC added, while satoshis per share rose about 5%—potentially strengthening its Bitcoin-per-share investment case. American Bitcoin Reports Third Quarter 2026 Results
• Neutral Sentiment: The profit was substantially tied to Bitcoin gains: the company’s holdings increased in value by about $197 million. That creates upside when Bitcoin rises, but also makes reported results and the reserve’s value sensitive to crypto-market swings. American Bitcoin’s $126M Q3 profit hinges on Bitcoin gain, not mining
• Neutral Sentiment: Co-founder Eric Trump attributed Bitcoin’s move above $81,000 to a “flight to security” amid political change. A sustained Bitcoin rally could benefit ABTC’s holdings, though the political explanation is his view rather than a confirmed driver. Eric Trump comments on Bitcoin’s latest spike
• Negative Sentiment: American Bitcoin’s reported $1.73 EPS fell short of the $2.86 consensus estimate. The cited results also show a negative net margin and return on equity, underscoring that the strong headline profit does not necessarily reflect robust operating profitability. Quarterly earnings data
• Negative Sentiment: Reports of rising electricity bills add a potential cost concern for a mining business, particularly if Bitcoin prices or mining economics weaken. Eric Trump’s company faces rising electric bills

About American Bitcoin

Gryphon Digital Mining is an innovative venture in the bitcoin space. Gryphon Digital Mining, formerly known as Akerna Corp., is based in DENVER.