JP Morgan Maintains Neutral on Cleanspark, Lowers Price Target to $10.5
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Reginald Smith maintains a Neutral rating on Cleanspark (NASDAQ:CLSK) and lowers the price target from $12.5 to $10.5.
August 23, 2024 | 1:05 pm
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JP Morgan analyst Reginald Smith maintains a Neutral rating on Cleanspark and lowers the price target from $12.5 to $10.5, indicating a less optimistic outlook.
The lowering of the price target from $12.5 to $10.5 by a major financial institution like JP Morgan suggests a less optimistic outlook for Cleanspark, which could negatively impact investor sentiment and the stock price in the short term.
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