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 150.43% upside from ARBK’s last price of $1.15) 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 150.43% upside from ARBK's last price of $1.15.
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% | 30.43% |
| Nov 06, 2022 | Ramsey El-Assal | Barclays | $1.00 | $0.91 | 9.52% | -13.04% |
| Nov 01, 2022 | Joseph Vafi | Canaccord Genuity | $1.00 | $1.11 | -9.91% | -13.04% |
| Aug 29, 2022 | - | Canaccord Genuity | $10.00 | $4.51 | 121.73% | 769.57% |
| Aug 26, 2022 | - | H.C. Wainwright | $8.00 | $4.93 | 62.27% | 595.65% |
| May 20, 2022 | - | Canaccord Genuity | $13.00 | $5.80 | 124.14% | 1030.43% |
| May 19, 2022 | - | H.C. Wainwright | $14.00 | $6.14 | 128.01% | 1117.39% |
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 30.43% increase from ARBK last price ($1.15).
Argo Blockchain Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $1.50 |
| Last Closing Price | $1.15 | $1.15 | $1.15 |
| Upside/Downside | -100.00% | -100.00% | 30.43% |
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 $1.15. 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 | Sep 22 | Jun 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | $11.44M | - | - | $11.81M |
| Avg Forecast | $20.32M | $16.80M | $12.57M | $9.12M | $8.59M | $8.10M | $11.10M | $14.70M | $14.26M | $10.17M | $99.39M | $74.75M | $75.34M | $34.58M | $46.56M |
| High Forecast | $21.05M | $17.41M | $13.02M | $9.44M | $8.90M | $8.37M | $11.50M | $15.23M | $14.77M | $10.54M | $102.98M | $77.46M | $78.07M | $35.83M | $46.56M |
| Low Forecast | $19.60M | $16.21M | $12.13M | $8.79M | $8.29M | $7.82M | $10.71M | $14.18M | $13.76M | $9.81M | $95.89M | $72.12M | $72.69M | $33.36M | $46.56M |
| # Analysts | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.15% | - | - | 0.25% |
Argo Blockchain's average Quarter revenue forecast for Jun 23 based on 1 analysts is $99.39M, with a low forecast of $95.89M, and a high forecast of $102.98M. 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 | Sep 22 | Jun 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | $1.85M | - | - | $-38.69M |
| Avg Forecast | $2.04M | $1.69M | $1.26M | $914.91K | $862.36K | $812.77K | $1.11M | $1.48M | $1.43M | $1.02M | $9.98M | $7.50M | $7.56M | $3.47M | $4.67M |
| High Forecast | $2.11M | $1.75M | $1.31M | $948.00K | $893.55K | $840.53K | $1.15M | $1.53M | $1.48M | $1.06M | $10.34M | $7.77M | $7.84M | $3.60M | $4.67M |
| Low Forecast | $1.97M | $1.63M | $1.22M | $882.72K | $832.01K | $785.02K | $1.07M | $1.42M | $1.38M | $984.87K | $9.62M | $7.24M | $7.30M | $3.35M | $4.67M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.25% | - | - | -8.28% |
1 analysts predict ARBK's average Quarter EBITDA for Jun 23 to be $9.98M, with a high of $10.34M and a low of $9.62M. This is 439.81% upper 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 | Sep 22 | Jun 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | $-9.52M | - | - | $-32.08M |
| Avg Forecast | $-2.27M | $-226.90K | $-4.54M | $-4.54M | $-40.84M | $-34.11M | $-3.64M | $-3.44M | $-3.42M | $-18.61M | $28.53M | $23.39M | $23.57M | $6.53M | $41.62M |
| High Forecast | $-2.17M | $-216.52K | $-4.33M | $-4.33M | $-38.97M | $-4.26M | $-3.47M | $-3.28M | $-1.71M | $-17.76M | $29.87M | $24.48M | $24.68M | $6.84M | $41.62M |
| Low Forecast | $-2.38M | $-237.56K | $-4.75M | $-4.75M | $-42.76M | $-59.70M | $-3.81M | $-3.60M | $-5.13M | $-19.49M | $27.23M | $22.32M | $22.49M | $6.23M | $41.62M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | -0.41% | - | - | -0.77% |
Argo Blockchain's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. ARBK's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).
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 | Sep 22 | Jun 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.17K |
| Avg Forecast | $4.04M | $3.34M | $2.50M | $1.81M | $1.71M | $1.61M | $2.21M | $2.92M | $2.84M | $2.02M | $19.76M | $14.86M | $14.98M | $6.88M | $9.26M |
| High Forecast | $4.19M | $3.46M | $2.59M | $1.88M | $1.77M | $1.67M | $2.29M | $3.03M | $2.94M | $2.10M | $20.48M | $15.40M | $15.52M | $7.12M | $9.26M |
| Low Forecast | $3.90M | $3.22M | $2.41M | $1.75M | $1.65M | $1.56M | $2.13M | $2.82M | $2.74M | $1.95M | $19.07M | $14.34M | $14.45M | $6.63M | $9.26M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% |
Argo Blockchain's average Quarter SG&A projection for Sep 22 is $6.88M, based on 0 Wall Street analysts, with a range of $6.63M to $7.12M. The forecast indicates a 164789.42% 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 | Sep 22 | Jun 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | $-0.20 | - | - | $-0.08 |
| Avg Forecast | $-0.04 | $-0.00 | $-0.08 | $-0.08 | $-0.71 | $-0.59 | $-0.06 | $-0.06 | $-0.06 | $-0.32 | $0.50 | $0.41 | $0.41 | $0.11 | $0.72 |
| High Forecast | $-0.04 | $-0.00 | $-0.08 | $-0.08 | $-0.68 | $-0.07 | $-0.06 | $-0.06 | $-0.03 | $-0.31 | $0.52 | $0.43 | $0.43 | $0.12 | $0.72 |
| Low Forecast | $-0.04 | $-0.00 | $-0.08 | $-0.08 | $-0.74 | $-1.04 | $-0.07 | $-0.06 | $-0.09 | $-0.34 | $0.47 | $0.39 | $0.39 | $0.11 | $0.72 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | -0.49% | - | - | -0.11% |
According to undefined Wall Street analysts, Argo Blockchain's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to ARBK previous annual EPS of $NaN (undefined).
Argo Blockchain Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CLSK | CleanSpark | $9.15 | $25.33 | 176.83% | Buy |
| CIFR | Cipher Mining | $2.98 | $7.90 | 165.10% | Buy |
| ARBK | Argo Blockchain | $1.15 | $2.88 | 150.43% | Hold |
| BITF | Bitfarms | $2.04 | $4.26 | 108.82% | Buy |
| IREN | Iris Energy | $8.03 | $13.36 | 66.38% | Buy |
| WULF | TeraWulf | $4.07 | $6.08 | 49.39% | Buy |
| SDIG | Stronghold Digital Mining | $4.54 | $6.25 | 37.67% | Hold |
ARBK Forecast FAQ
Is Argo Blockchain a good buy?
No, according to 4 Wall Street analysts, Argo Blockchain (ARBK) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 25.00% of ARBK's total ratings.
What is ARBK's price target?
Argo Blockchain (ARBK) average price target is $2.88 with a range of $1 to $8, implying a 150.43% from its last price of $1.15. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Argo Blockchain stock go up soon?
According to Wall Street analysts' prediction for ARBK stock, the company can go up by 150.43% (from the last price of $1.15 to the average price target of $2.88), up by 595.65% based on the highest stock price target, and down by -13.04% based on the lowest stock price target.
Can Argo Blockchain stock reach $2?
ARBK's average twelve months analyst stock price target of $2.88 supports the claim that Argo Blockchain can reach $2 in the near future.
What are Argo Blockchain's analysts' financial forecasts?
Argo Blockchain's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $42.48M (high $44M, low $41M), average EBITDA is $4.26M (high $4.42M, low $4.11M), average net income is $-82.032M (high $-49.992M, low $-110M), average SG&A $8.45M (high $8.75M, low $8.15M), and average EPS is $-1.425 (high $-0.868, low $-1.908). ARBK's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $58.81M (high $60.93M, low $56.74M), average EBITDA is $5.9M (high $6.12M, low $5.69M), average net income is $-11.572M (high $-11.042M, low $-12.116M), average SG&A $11.69M (high $12.12M, low $11.28M), and average EPS is $-0.201 (high $-0.192, low $-0.21).
Did the ARBK's actual financial results beat the analysts' financial forecasts?
Based on Argo Blockchain's last annual report (Dec 2022), the company's revenue was $47.36M, which missed the average analysts forecast of $156.48M by -69.73%. Apple's EBITDA was $-45.333M, missing the average prediction of $15.71M by -388.63%. The company's net income was $-194M, missing the average estimation of $71.72M by -370.81%. Apple's SG&A was $23.4M, missing the average forecast of $31.11M by -24.81%. Lastly, the company's EPS was $-0.41, missing the average prediction of $1.24 by -132.97%. In terms of the last quarterly report (Mar 2023), Argo Blockchain's revenue was $11.44M, missing the average analysts' forecast of $74.75M by -84.70%. The company's EBITDA was $1.85M, missing the average prediction of $7.5M by -75.37%. Argo Blockchain's net income was $-9.516M, missing the average estimation of $23.39M by -140.69%. The company's SG&A was $0, missing the average forecast of $14.86M by -100.00%. Lastly, the company's EPS was $-0.2, missing the average prediction of $0.406 by -149.24%