The Cleanspark Inc (CLSK) share price is expected to increase by 84.18% over the next year. This is based on calculating the average 12-month share price estimate provided by 6 stock analysts who have covered CLSK. Price targets range from $17 at the low end to $30 at the high end. The current analyst consensus for CLSK is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 6 Wall Street analysts have assignedCLSK 6 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect Cleanspark Inc to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on CLSK. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of CLSK.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Reginald Smith JP Morgan | Overweight | $17 | Upgrade | Dec 10, 2024 |
Paul Golding Macquarie | Outperform | $24 | Maintains | Dec 4, 2024 |
Mike Colonnese HC Wainwright & Co. | Buy | $27 | Reiterates | Dec 3, 2024 |
Brett Knoblauch Cantor Fitzgerald | Overweight | $23 | Reiterates | Oct 3, 2024 |
Paul Golding Macquarie | Outperform | $20 | Initiates | Sep 25, 2024 |
Mike Colonnese HC Wainwright & Co. | Buy | $27 | Reiterates | Sep 25, 2024 |
Mike Colonnese HC Wainwright & Co. | Buy | $27 | Reiterates | Sep 11, 2024 |
Brett Knoblauch Cantor Fitzgerald | Overweight | $23 | Reiterates | Sep 3, 2024 |
Reginald Smith JP Morgan | Neutral | $10.5 | Maintains | Aug 23, 2024 |
Mike Colonnese HC Wainwright & Co. | Buy | $27 | Reiterates | Aug 12, 2024 |
Brett Knoblauch Cantor Fitzgerald | Overweight | $23 | Maintains | Aug 12, 2024 |
Brett Knoblauch Cantor Fitzgerald | Overweight | $28 | Maintains | Jul 3, 2024 |
Mike Colonnese HC Wainwright & Co. | Buy | $27 | Reiterates | Jun 28, 2024 |
Mike Colonnese HC Wainwright & Co. | Buy | $27 | Reiterates | Jun 18, 2024 |
Brett Knoblauch Cantor Fitzgerald | Overweight | $27 | Assumes | Jun 11, 2024 |
Reginald Smith JP Morgan | Neutral | $12.5 | Maintains | Jun 4, 2024 |
Brian Dobson Chardan Capital | Buy | $26 | Maintains | May 13, 2024 |
Mike Colonnese HC Wainwright & Co. | Buy | $27 | Reiterates | May 10, 2024 |
Brian Dobson Chardan Capital | Buy | $26 | Maintains | May 7, 2024 |
Mike Colonnese HC Wainwright & Co. | Buy | $27 | Reiterates | Apr 15, 2024 |
When did it IPO
2013
Staff Count
130
Country
United States
Sector/Industry
Financial Services/Capital Markets
CEO
Mr. Zachary K. Bradford CPA
Market Cap
$3.79B
In 2023, CLSK generated $169.8M in revenue, which was a increase of 26.60% from the previous year. This can be seen as a signal that CLSK's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Bitcoin has surpassed $100,000, driven by Donald Trump's SEC nominee announcement and comments from Fed Chair Jerome Powell, leading to a rally in cryptocurrencies.
Why It Matters - Bitcoin surpassing $100,000 signals growing market confidence and potential regulatory shifts, influencing cryptocurrency valuations and attracting institutional interest.
Summary - CleanSpark Inc (CLSK) shares declined on Tuesday despite the company posting positive fourth-quarter results.
Why It Matters - The decline in CleanSpark's shares despite positive earnings may indicate investor skepticism about future growth or broader market concerns, potentially affecting overall sentiment and stock performance.
Summary - MicroStrategy Inc. (NASDAQ: MSTR) saw a surge in stock value due to its Bitcoin holdings, but market enthusiasm faced challenges amid changing conditions.
Why It Matters - The shift from euphoria to reality regarding MicroStrategy's Bitcoin holdings signals potential volatility in tech stocks and cryptocurrency, impacting investor sentiment and market strategies.
Summary - CleanSpark, Inc. (NASDAQ: CLSK) will hold its Q4 2024 earnings conference call on December 2, 2024, at 4:30 PM ET, featuring key executives and analysts from various firms.
Why It Matters - CleanSpark's Q4 2024 earnings call may reveal insights into financial performance and future guidance, impacting stock valuation and investor sentiment.
Summary - CleanSpark (CLSK) stock is up 68% since October, despite a 6% pre-market drop post-Q4 results. High short interest (19%) may lead to volatility, but growth potential remains strong.
Why It Matters - CleanSpark's strong stock performance, attractive valuation, and significant Bitcoin holdings indicate potential for growth, while high short interest suggests possible volatility and quick gains.
Summary - CleanSpark, Inc. reported a 125% year-over-year revenue growth and a current hashrate exceeding 33.5 EH/s, aiming for 37 EH/s, highlighting strong performance in the Bitcoin mining sector.
Why It Matters - Revenue growth of 125% and increasing hashrate indicate strong operational performance, positioning CleanSpark favorably for future market opportunities and potential profitability in a bull market.