5 Analysts Have This To Say About Cleanspark
Portfolio Pulse from Benzinga Insights
In the last three months, 5 analysts have updated their ratings on Cleanspark (NASDAQ:CLSK), showing a shift towards a more bullish outlook. The average 12-month price target has been raised to $11.2, up 12% from the previous $10.00, with ratings ranging from 'Buy' to 'Overweight'. Cleanspark, a bitcoin mining company, has shown significant revenue growth of 98.83% as of September 30, 2023, but struggles with a high net margin loss of -140.98% and below-average ROE and ROA, indicating potential profitability and efficiency challenges.
February 06, 2024 | 8:00 pm
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POSITIVE IMPACT
Cleanspark's stock may see short-term positive movement due to the upgraded analyst ratings and increased price target, despite underlying challenges in profitability and efficiency.
The positive shift in analyst sentiment and the increase in the average price target suggest a more bullish outlook on Cleanspark, which could lead to short-term price appreciation. However, the company's significant net margin loss and below-average ROE and ROA highlight underlying challenges that could temper long-term growth expectations.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 100