Bitcoin Mining Stock's 'Strong Organic Growth' Make It A 'Must-Own,' Says Bullish Analyst
Portfolio Pulse from Priya Nigam
CleanSpark Inc (NASDAQ:CLSK) is highlighted as a 'must-own' stock by analyst Mike Colonnese due to its strong organic growth and strategic focus on Bitcoin mining. The company is on track to meet its hash rate guidance and has a bullish outlook on Bitcoin's price cycle.
September 25, 2024 | 4:38 pm
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CleanSpark Inc is recommended as a 'must-own' stock by analyst Mike Colonnese due to its strong growth in Bitcoin mining capacity and strategic focus. The company is on track to meet its hash rate guidance and has a positive outlook on Bitcoin's price cycle.
The analyst's reiteration of a Buy rating and a price target of $27, along with the company's strong growth and strategic focus on Bitcoin mining, suggests a positive short-term impact on CLSK's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100