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Home › Stocks › Greenidge Generation Holdings Inc. (GREE) Stock Forecast & Price Prediction United States | NASDAQ | Financial Services | Capital Markets
$1.78
+0.39 (28.06%)10 Quality Stocks Worth Considering Now
Researching Greenidge (GREE) after the drop? Our ex-Goldman Sachs analyst reveals if it made our list of 10 oversold quality stocks with strong growth potential.
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Based on our analysis of 3 Wall Street analysts, GREE has a bullish consensus with a median price target of $4.00 (ranging from $4.00 to $4.00). Currently trading at $1.78, the median forecast implies a 124.7% upside. This outlook is supported by 1 Buy, 0 Hold, and 0 Sell ratings.
The most optimistic forecast comes from Lucas Pipes at B. Riley Securities, projecting a 124.7% upside. Conversely, the most conservative target is provided by Lucas Pipes at B. Riley Securities, suggesting a 124.7% upside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for GREE.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
Jul 12, 2024 | B. Riley Securities | Lucas Pipes | Buy | Maintains | $4.00 |
May 31, 2024 | B. Riley Securities | Lucas Pipes | Buy | Maintains | $5.00 |
Nov 15, 2022 | Stifel | Bill Papanastasiou | Sell | Downgrade | $0.50 |
Oct 7, 2022 | B. Riley Securities | Lucas Pipes | Buy | Maintains | $5.00 |
Jun 23, 2022 | B. Riley Securities | Lucas Pipes | Buy | Maintains | $10.00 |
Apr 26, 2022 | B. Riley Securities | Lucas Pipes | Buy | Maintains | $42.00 |
Sep 29, 2021 | B. Riley Securities | Buy | Initiates | $0.00 |
The following stocks are similar to Greenidge based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Greenidge Generation Holdings Inc. has a market capitalization of $26.38M with a P/E ratio of -0.9x. The company generates $59.53M in trailing twelve-month revenue with a -33.2% profit margin.
Revenue growth is -24.7% quarter-over-quarter, while maintaining an operating margin of -19.2% and return on equity of +35.5%.
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Produces electricity and mines cryptocurrency.
The company generates revenue by producing electricity through its natural gas facility while simultaneously engaging in Bitcoin mining. This dual approach allows Greenidge to benefit from traditional power generation and the growing demand for cryptocurrency processing, positioning it effectively in both the energy and digital currency markets.
Located in Dresden, New York, Greenidge Generation stands out for its high-efficiency turbines that reduce emissions compared to older fossil fuel plants. By combining energy production with blockchain technology, the company enhances its operational significance in the energy and digital asset sectors.
Financial Services
Capital Markets
35
Mr. Jordan Kovler
United States
2000
Greenidge Generation Holdings Inc. reported Q1 2025 revenue of $19.2M, with a net loss of $5.6M and EBITDA of $0.4M, highlighting its growth prospects.
Greenidge's Q1 2025 results show significant revenue but a net loss, indicating potential operational challenges. Growth prospects will influence future performance and investor sentiment.
Greenidge Generation Holdings Inc. appointed Kenneth Fearn and Christopher Krug as independent directors, effective April 17, 2025, enhancing its Board with their financial expertise.
The appointment of experienced independent directors may enhance corporate governance and strategic direction, potentially improving investor confidence and company performance.
Greenidge Generation Holdings Inc. reported Q4 2024 revenue of $14.8 million, up $2.4 million from Q3 2024, along with an update on growth prospects.
Greenidge's revenue growth signals potential recovery and operational efficiency, impacting investor sentiment and stock performance in the cryptocurrency sector.
Water Tower Research initiated coverage on Greenidge Generation Holdings (NASDAQ: GREE), highlighting its leadership in Bitcoin mining and AI/HPC data centers. The report is available online.
The coverage report on Greenidge highlights its leadership in crypto data centers and power generation, signaling potential growth and investment opportunities in the tech and energy sectors.
Data Journey has entered the South Carolina market, marking a significant milestone that supports the company's aggressive growth strategy.
Data Journey's entry into South Carolina signals expansion and potential revenue growth, which can positively impact stock performance and attract investor interest.
Greenidge Generation Holdings Inc. has agreed to sell its 152-acre Spartanburg, SC property to Data Journey LLC for $12.1 million and an 8% profit interest in a planned data center.
Greenidge's sale of its Spartanburg property for $12.1 million could enhance liquidity and reduce operational costs, impacting its financial stability and future growth potential in the crypto sector.
Based on our analysis of 3 Wall Street analysts, Greenidge Generation Holdings Inc. (GREE) has a median price target of $4.00. The highest price target is $4.00 and the lowest is $4.00.
According to current analyst ratings, GREE has 1 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $1.78. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict GREE stock could reach $4.00 in the next 12 months. This represents a 124.7% increase from the current price of $1.78. Please note that this is a projection by Wall Street analysts and not a guarantee.
The company generates revenue by producing electricity through its natural gas facility while simultaneously engaging in Bitcoin mining. This dual approach allows Greenidge to benefit from traditional power generation and the growing demand for cryptocurrency processing, positioning it effectively in both the energy and digital currency markets.
The highest price target for GREE is $4.00 from Lucas Pipes at B. Riley Securities, which represents a 124.7% increase from the current price of $1.78.
The lowest price target for GREE is $4.00 from Lucas Pipes at B. Riley Securities, which represents a 124.7% increase from the current price of $1.78.
The overall analyst consensus for GREE is bullish. Out of 3 Wall Street analysts, 1 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $4.00.
Stock price projections, including those for Greenidge Generation Holdings Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.