#CLEANSPARK TARGET PRICE UPGRADE#
#CLEANSPARK TARGET PRICE FREE#

#CLEANSPARK TARGET PRICE FREE#

Īnother way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies that insiders are buying. For more information, you can click through to our platform to learn more about this and the 1 other warning sign we've identified. The covering analyst is clearly in love with CleanSpark at the moment, but before diving in - you should be aware that we've identified some warning flags with the business, such as major dilution from new stock issuance in the past year.

#CLEANSPARK TARGET PRICE UPGRADE#

With a serious upgrade to expectations and a rising price target, it might be time to take another look at CleanSpark. They also upgraded their revenue estimates for next year, and sales are expected to grow faster than the wider market. The most important thing here is that the analyst reduced their loss per share estimates for next year, reflecting increased optimism around CleanSpark's prospects. So there's been quite a change-up of views after the recent consensus updates, with the analyst making a sizeable increase to their revenue forecasts while also reducing the estimated loss as the business grows towards breakeven.Ĭheck out our latest analysis for CleanSpark

Yet before this consensus update, the analyst had been forecasting revenues of US$20m and losses of US$0.39 per share in 2021. Losses are predicted to fall substantially, shrinking 95% to US$0.22. Could this upgrade be enough to drive the stock even higher?įollowing the upgrade, the most recent consensus for CleanSpark from its lone analyst is for revenues of US$29m in 2021 which, if met, would be a substantial 176% increase on its sales over the past 12 months. CleanSpark has also found favour with investors, with the stock up a whopping 38% to US$15.95 over the past week. Consensus estimates suggest investors could expect greatly increased statutory revenues and earnings per share, with the analyst modelling a real improvement in business performance.

( NASDAQ:CLSK) may be thrilled to learn that the covering analyst has just delivered a major upgrade to their near-term forecasts.

Cleanspark target price