JP Morgan Maintains Neutral on Cleanspark, Lowers Price Target to $12.5
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Reginald Smith maintains a Neutral rating on Cleanspark (NASDAQ:CLSK) but lowers the price target from $15 to $12.5.

June 04, 2024 | 1:15 pm
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JP Morgan analyst Reginald Smith maintains a Neutral rating on Cleanspark (NASDAQ:CLSK) but lowers the price target from $15 to $12.5.
The lowered price target from $15 to $12.5 by a major financial institution like JP Morgan suggests a less optimistic outlook for Cleanspark's stock performance. This could lead to a short-term negative impact on the stock price as investors may adjust their expectations accordingly.
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IMPORTANCE 80
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