Argo Blockchain (ARBK) Stock Forecast, Price Target & Predictions
ARBK Stock Forecast
Argo Blockchain stock forecast is as follows: an average price target of $2.88 (represents a 357.80% upside from ARBK’s last price of $0.63) and a rating consensus of 'Hold', based on 4 wall street analysts offering a 1-year stock forecast.
ARBK Price Target
The average price target for Argo Blockchain (ARBK) is $2.88 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $8.00 to $1.00. This represents a potential 357.80% upside from ARBK's last price of $0.63.
ARBK Analyst Ratings
According to 4 Wall Street analysts, Argo Blockchain's rating consensus is 'Hold'. The analyst rating breakdown for ARBK stock is 0 'Strong Buy' (0.00%), 1 'Buy' (25.00%), 3 'Hold' (75.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Argo Blockchain Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Mar 25, 2024 | Jonathan Petersen | Jefferies | $1.50 | $1.63 | -7.98% | 138.44% |
| Nov 06, 2022 | Ramsey El-Assal | Barclays | $1.00 | $0.91 | 9.52% | 58.96% |
| Nov 01, 2022 | Joseph Vafi | Canaccord Genuity | $1.00 | $1.11 | -9.91% | 58.96% |
| Aug 29, 2022 | Canaccord Genuity | $10.00 | $4.51 | 121.73% | 1489.57% | |
| Aug 26, 2022 | H.C. Wainwright | $8.00 | $4.93 | 62.27% | 1171.66% | |
| May 20, 2022 | Canaccord Genuity | $13.00 | $5.80 | 124.14% | 1966.44% | |
| May 19, 2022 | H.C. Wainwright | $14.00 | $6.14 | 128.01% | 2125.40% |
The latest Argo Blockchain stock forecast, released on Mar 25, 2024 by Jonathan Petersen from Jefferies, set a price target of $1.50, which represents a -7.98% decrease from the stock price at the time of the forecast ($1.63), and a 138.44% increase from ARBK last price ($0.63).
Argo Blockchain Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $1.50 |
| Last Closing Price | $0.63 | $0.63 | $0.63 |
| Upside/Downside | -100.00% | -100.00% | 138.44% |
In the current month, the average price target of Argo Blockchain stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Argo Blockchain's last price of $0.63. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| May 24, 2024 | Compass Point | Neutral | Neutral | Hold |
| Apr 14, 2023 | Compass Point | Buy | Upgrade | |
| Jan 04, 2023 | Roth Capital | Neutral | Upgrade | |
| Dec 29, 2022 | H.C. Wainwright | Hold | Hold | Hold |
| Aug 29, 2022 | Canaccord Genuity | Buy | Buy | Hold |
| May 20, 2022 | Canaccord Genuity | Buy | Buy | Hold |
Argo Blockchain's last stock rating was published by Compass Point on May 24, 2024. The company gave ARBK a "Neutral" rating, the same as its previous rate.
Argo Blockchain Financial Forecast
Argo Blockchain Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | $11.44M | - | $11.81M | $14.89M |
| Avg Forecast | $20.97M | $16.54M | $13.12M | $9.29M | $8.12M | $7.02M | $11.10M | $14.70M | $14.26M | $10.17M | $99.39M | $74.75M | $31.19M | $46.56M | $26.90M |
| High Forecast | $21.21M | $16.74M | $13.27M | $9.40M | $8.91M | $7.11M | $11.15M | $15.27M | $14.42M | $10.29M | $100.54M | $75.62M | $31.55M | $46.56M | $26.90M |
| Low Forecast | $20.72M | $16.35M | $12.96M | $9.18M | $7.49M | $6.94M | $11.04M | $14.12M | $14.09M | $10.05M | $98.23M | $73.88M | $30.82M | $46.56M | $26.90M |
| # Analysts | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.15% | - | 0.25% | 0.55% |
Argo Blockchain's average Quarter revenue forecast for Jun 23 based on 1 analysts is $99.39M, with a low forecast of $98.23M, and a high forecast of $100.54M. ARBK's average Quarter revenue forecast represents a 768.92% increase compared to the company's last Quarter revenue of $11.44M (Mar 23).
Argo Blockchain EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | $1.85M | - | $-38.69M | $1.39M |
| Avg Forecast | $-324.15K | $-255.75K | $-202.77K | $-143.64K | $-125.51K | $-108.58K | $-171.57K | $-227.19K | $-220.43K | $-157.22K | $-1.54M | $-1.16M | $-482.13K | $4.67M | $2.70M |
| High Forecast | $-320.39K | $-252.78K | $-200.41K | $-141.97K | $-115.76K | $-107.32K | $-170.70K | $-218.28K | $-217.87K | $-155.39K | $-1.52M | $-1.14M | $-476.52K | $4.67M | $2.70M |
| Low Forecast | $-327.92K | $-258.73K | $-205.13K | $-145.31K | $-137.69K | $-109.84K | $-172.44K | $-236.10K | $-223.00K | $-159.05K | $-1.55M | $-1.17M | $-487.73K | $4.67M | $2.70M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | -1.60% | - | -8.28% | 0.51% |
1 analysts predict ARBK's average Quarter EBITDA for Jun 23 to be $-1.54M, with a high of $-1.52M and a low of $-1.55M. This is -183.14% lower than Argo Blockchain's previous annual EBITDA (Mar 23) of $1.85M.
Argo Blockchain Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | $-9.52M | - | $-32.08M | $1.57M |
| Avg Forecast | $-486.48K | $-486.48K | $-486.48K | $-972.95K | $-3.89M | $-32.74M | $-3.90M | $-3.69M | $-3.66M | $-19.95M | $30.59M | $25.07M | $25.27M | $41.48M | $12.44M |
| High Forecast | $-479.12K | $-479.12K | $-479.12K | $-958.25K | $-3.20M | $-32.25M | $-3.84M | $-3.63M | $-1.83M | $-19.65M | $31.05M | $25.45M | $25.65M | $41.48M | $12.44M |
| Low Forecast | $-493.83K | $-493.83K | $-493.83K | $-987.66K | $-4.58M | $-33.24M | $-3.96M | $-3.74M | $-5.49M | $-20.26M | $30.12M | $24.69M | $24.88M | $41.48M | $12.44M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | -0.38% | - | -0.77% | 0.13% |
Argo Blockchain's average Quarter net income forecast for Jun 22 is $41.48M, with a range of $41.48M to $41.48M. ARBK's average Quarter net income forecast represents a 2537.12% increase compared to the company's last Quarter net income of $1.57M (Mar 22).
Argo Blockchain SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.17K | $3.33M |
| Avg Forecast | $4.17M | $3.29M | $2.61M | $1.85M | $1.61M | $1.40M | $2.21M | $2.92M | $2.84M | $2.02M | $19.76M | $14.86M | $6.20M | $9.26M | $5.35M |
| High Forecast | $4.22M | $3.33M | $2.64M | $1.87M | $1.77M | $1.41M | $2.22M | $3.04M | $2.87M | $2.05M | $19.99M | $15.04M | $6.27M | $9.26M | $5.35M |
| Low Forecast | $4.12M | $3.25M | $2.58M | $1.83M | $1.49M | $1.38M | $2.20M | $2.81M | $2.80M | $2.00M | $19.53M | $14.69M | $6.13M | $9.26M | $5.35M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | 0.62% |
Argo Blockchain's average Quarter SG&A projection for Dec 22 is $6.20M, based on 1 Wall Street analysts, with a range of $6.13M to $6.27M. The forecast indicates a 148608.39% rise compared to ARBK last annual SG&A of $4.17K (Jun 22).
Argo Blockchain EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | $-0.20 | - | $-0.08 | - |
| Avg Forecast | $-0.01 | $-0.01 | $-0.01 | $-0.02 | $-0.06 | $-0.53 | $-0.06 | $-0.06 | $-0.06 | $-0.32 | $0.50 | $0.41 | $0.41 | $0.72 | $0.22 |
| High Forecast | $-0.01 | $-0.01 | $-0.01 | $-0.02 | $-0.05 | $-0.52 | $-0.06 | $-0.06 | $-0.03 | $-0.32 | $0.50 | $0.41 | $0.42 | $0.72 | $0.22 |
| Low Forecast | $-0.01 | $-0.01 | $-0.01 | $-0.02 | $-0.07 | $-0.54 | $-0.06 | $-0.06 | $-0.09 | $-0.33 | $0.49 | $0.40 | $0.40 | $0.72 | $0.22 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | -0.49% | - | -0.11% | 0.00% |
According to 1 Wall Street analysts, Argo Blockchain's projected average Quarter EPS for Jun 22 is $0.72, with a low estimate of $0.72 and a high estimate of $0.72. This represents a 240073.33% increase compared to ARBK previous annual EPS of - (Mar 22).
Argo Blockchain Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| ARBK | Argo Blockchain | $0.70 | $2.88 | 311.43% | Hold |
| CLSK | CleanSpark | $12.36 | $27.00 | 118.45% | Buy |
| BITF | Bitfarms | $2.07 | $4.26 | 105.80% | Buy |
| CIFR | Cipher Mining | $7.23 | $7.58 | 4.84% | Buy |
| IREN | Iris Energy | $13.73 | $14.10 | 2.69% | Buy |
| WULF | TeraWulf | $8.20 | $7.90 | -3.66% | Buy |
| SDIG | Stronghold Digital Mining | $5.06 | $4.00 | -20.95% | Hold |