CleanSpark (CLSK) Stock Forecast, Price Target & Predictions


CLSK Stock Forecast


CleanSpark stock forecast is as follows: an average price target of $25.33 (represents a 141.93% upside from CLSK’s last price of $10.47) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.

CLSK Price Target


The average price target for CleanSpark (CLSK) is $25.33 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $27.00 to $22.00. This represents a potential 141.93% upside from CLSK's last price of $10.47.

CLSK Analyst Ratings


Buy

According to 10 Wall Street analysts, CleanSpark's rating consensus is 'Buy'. The analyst rating breakdown for CLSK stock is 0 'Strong Buy' (0.00%), 9 'Buy' (90.00%), 1 'Hold' (10.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

CleanSpark Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jun 28, 2024Mike ColonneseH.C. Wainwright$27.00$16.0568.22%157.88%
Jun 10, 2024Brett KnoblauchCantor Fitzgerald$27.00$15.7071.97%157.88%
Mar 19, 2024Gregory LewisBTIG$22.00$16.4933.41%110.12%
Jul 30, 2022Mike ColonneseH.C. Wainwright$6.00$3.9950.38%-42.69%

The latest CleanSpark stock forecast, released on Jun 28, 2024 by Mike Colonnese from H.C. Wainwright, set a price target of $27.00, which represents a 68.22% increase from the stock price at the time of the forecast ($16.05), and a 157.88% increase from CLSK last price ($10.47).

CleanSpark Price Target by Period


1M3M12M
# Anlaysts--3
Avg Price Target--$25.33
Last Closing Price$10.47$10.47$10.47
Upside/Downside-100.00%-100.00%141.93%

In the current month, the average price target of CleanSpark stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to CleanSpark's last price of $10.47. 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


DateCompanyPrevious RatingNew RatingRating Change
Oct 16, 2024JMP SecuritiesMarket OutperformMarket OutperformHold
Sep 25, 2024H.C. WainwrightUnderperformUnderperformHold
Sep 25, 2024MacquarieBuyBuyHold
Sep 25, 2024MacquarieOutperformInitialise
Sep 12, 2024H.C. WainwrightBuyBuyHold
Aug 12, 2024Piper SandlerOverweightUpgrade
Aug 12, 2024Cantor FitzgeraldOverweightOverweightHold
Aug 12, 2024BarclaysOverweightOverweightHold
Aug 12, 2024Deutsche BankBuyUpgrade
Aug 12, 2024Canaccord GenuityHoldHoldHold
Aug 12, 2024H.C. WainwrightBuyBuyHold
Jul 03, 2024Cantor FitzgeraldOverweightOverweightHold
Jun 28, 2024J.P. MorganBuyBuyHold
Jun 28, 2024H.C. WainwrightUnderperformUnderperformHold
Jun 28, 2024H.C. WainwrightBuyBuyHold
Jun 04, 2024J.P. MorganBuyBuyHold
Jun 04, 2024H.C. WainwrightUnderperformUnderperformHold
May 10, 2024H.C. WainwrightBuyBuyHold
Mar 27, 2024H.C. WainwrightBuyBuyHold
Feb 28, 2024H.C. WainwrightBuyBuyHold
Feb 06, 2024Cantor FitzgeraldBuyBuyHold
Feb 09, 2023BTIGBuyBuyHold
Dec 15, 2022Chardan CapitalBuyBuyHold
Dec 09, 2022Cantor FitzgeraldOverweightInitialise
Aug 15, 2022Chardan CapitalBuyBuyHold

CleanSpark's last stock rating was published by JMP Securities on Oct 16, 2024. The company gave CLSK a "Market Outperform" rating, the same as its previous rate.

CleanSpark Financial Forecast


CleanSpark Revenue Forecast

Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
Revenue---------------$73.79M$51.76M$45.38M$42.55M$27.82M$26.17M$31.03M$41.64M$41.24M$27.14M$11.92M$8.12M$2.26M$1.95M$3.44M
Avg Forecast$173.82M$177.06M$180.37M$189.91M$314.34M$309.34M$301.09M$293.48M$254.97M$225.21M$192.30M$153.06M$88.76M$110.88M$106.62M$71.03M$53.76M$45.70M$41.82M$29.52M$27.09M$34.53M$42.49M$41.37M$23.25M$11.92M$8.76M$2.83M$2.13M$3.44M
High Forecast$206.24M$210.10M$214.03M$225.34M$372.99M$367.06M$357.27M$348.23M$302.54M$267.23M$204.49M$161.69M$105.32M$110.88M$106.62M$76.99M$56.43M$54.22M$49.63M$34.19M$27.09M$34.53M$42.49M$41.37M$23.25M$11.92M$8.76M$2.83M$2.13M$3.44M
Low Forecast$154.34M$157.22M$160.16M$168.63M$279.11M$274.67M$267.35M$260.59M$226.39M$199.97M$180.10M$144.41M$78.81M$110.88M$106.62M$65.05M$51.08M$40.57M$37.14M$26.20M$27.09M$34.53M$42.49M$41.37M$23.25M$11.92M$8.76M$2.83M$2.13M$3.44M
# Analysts111111111133111254433334444444
Surprise %---------------1.04%0.96%0.99%1.02%0.94%0.97%0.90%0.98%1.00%1.17%1.00%0.93%0.80%0.92%1.00%

CleanSpark's average Quarter revenue forecast for Mar 24 based on 1 analysts is $106.62M, with a low forecast of $106.62M, and a high forecast of $106.62M. CLSK's average Quarter revenue forecast represents a 44.49% increase compared to the company's last Quarter revenue of $73.79M (Dec 23).

CleanSpark EBITDA Forecast

Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts111111111133111254433334444444
EBITDA---------------$56.03M$-3.86M$7.06M$2.70M$-8.88M$-11.70M$9.58M$15.24M$22.24M$-277.76K$-12.92M$9.66M$-6.04M$-6.41M$-728.29K
Avg Forecast$-31.62M$-32.21M$-32.81M$-34.54M$-57.18M$-56.27M$-54.77M$-53.38M$-46.38M$-40.97M$-34.98M$-27.84M$-16.15M$-20.17M$-19.39M$-12.92M$-9.78M$-8.31M$-7.61M$-5.37M$-9.84M$-12.54M$20.86M$-15.02M$-8.45M$-4.33M$-3.18M$-1.03M$-772.47K$-1.25M
High Forecast$-28.07M$-28.60M$-29.13M$-30.67M$-50.77M$-49.96M$-48.63M$-47.40M$-41.18M$-36.37M$-32.76M$-26.27M$-14.34M$-20.17M$-19.39M$-11.83M$-9.29M$-7.38M$-6.75M$-4.77M$-9.84M$-12.54M$25.03M$-15.02M$-8.45M$-4.33M$-3.18M$-1.03M$-772.47K$-1.25M
Low Forecast$-37.52M$-38.22M$-38.93M$-40.99M$-67.85M$-66.77M$-64.99M$-63.34M$-55.03M$-48.61M$-37.20M$-29.41M$-19.16M$-20.17M$-19.39M$-14.00M$-10.27M$-9.86M$-9.03M$-6.22M$-9.84M$-12.54M$16.69M$-15.02M$-8.45M$-4.33M$-3.18M$-1.03M$-772.47K$-1.25M
Surprise %----------------4.34%0.39%-0.85%-0.35%1.65%1.19%-0.76%0.73%-1.48%0.03%2.98%-3.04%5.88%8.30%0.58%

1 analysts predict CLSK's average Quarter EBITDA for Mar 24 to be $-19.39M, with a high of $-19.39M and a low of $-19.39M. This is -134.61% lower than CleanSpark's previous annual EBITDA (Dec 23) of $56.03M.

CleanSpark Net Income Forecast

Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts111111111133111254433334444444
Net Income---------------$25.33M$-74.88M$-14.22M$-18.46M$-29.03M$-45.62M$-29.34M$-3.56M$14.43M$-5.37M$-16.68M$7.40M$-7.17M$-7.06M$-8.55M
Avg Forecast$33.03M$33.53M$34.05M$33.37M$38.28M$42.28M$41.52M$33.30M$25.79M$18.22M$9.62M$44.19M$-45.21M$-24.60M$17.38M$-64.81M$-33.43M$-42.67M$-82.39M$-151.43M$-86.53M$-34.30M$-309.70K$85.74M$16.01M$-72.09M$86.58M$-27.44M$-54.87M$-176.06M
High Forecast$41.04M$41.66M$42.31M$41.47M$47.57M$52.53M$51.59M$41.38M$32.04M$22.64M$11.95M$58.91M$-38.63M$-21.01M$17.41M$-57.87M$-19.50M$-36.45M$-70.38M$-129.31M$-86.53M$-34.30M$-247.76K$85.74M$16.01M$-72.09M$103.90M$-27.44M$-54.87M$-176.06M
Low Forecast$28.22M$28.65M$29.09M$28.51M$32.71M$36.12M$35.47M$28.45M$22.03M$15.56M$8.22M$24.55M$-56.18M$-30.56M$17.35M$-71.76M$-47.36M$-53.02M$-102.37M$-182.59M$-86.53M$-34.30M$-371.63K$85.74M$16.01M$-72.09M$69.26M$-27.44M$-54.87M$-176.06M
Surprise %----------------0.39%2.24%0.33%0.22%0.19%0.53%0.86%11.51%0.17%-0.34%0.23%0.09%0.26%0.13%0.05%

CleanSpark's average Quarter net income forecast for Mar 24 is $17.38M, with a range of $17.35M to $17.41M. CLSK's average Quarter net income forecast represents a -31.39% decrease compared to the company's last Quarter net income of $25.33M (Dec 23).

CleanSpark SG&A Forecast

Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts111111111133111254433334444444
SG&A---------------$6.58M$9.77M$13.24M$17.83M$16.36M$21.30M$11.16M$14.63M$14.09M$10.67M$15.31M$6.96M$7.06M$8.35M$2.69M
Avg Forecast$103.24M$105.17M$107.13M$112.80M$186.70M$183.73M$178.83M$174.31M$151.44M$133.76M$114.21M$90.91M$52.72M$65.86M$63.32M$42.19M$31.93M$27.14M$24.84M$17.53M$23.84M$30.39M$26.53M$36.41M$20.47M$10.49M$7.71M$2.49M$1.87M$3.03M
High Forecast$122.50M$124.79M$127.12M$133.84M$221.54M$218.01M$212.20M$206.83M$179.69M$158.72M$121.45M$96.04M$62.56M$65.86M$63.32M$45.73M$33.52M$32.20M$29.47M$20.31M$23.84M$30.39M$31.84M$36.41M$20.47M$10.49M$7.71M$2.49M$1.87M$3.03M
Low Forecast$91.67M$93.38M$95.12M$100.16M$165.78M$163.14M$158.79M$154.77M$134.46M$118.77M$106.97M$85.77M$46.81M$65.86M$63.32M$38.64M$30.34M$24.10M$22.06M$15.56M$23.84M$30.39M$21.22M$36.41M$20.47M$10.49M$7.71M$2.49M$1.87M$3.03M
Surprise %---------------0.16%0.31%0.49%0.72%0.93%0.89%0.37%0.55%0.39%0.52%1.46%0.90%2.84%4.46%0.89%

CleanSpark's average Quarter SG&A projection for Mar 24 is $63.32M, based on 1 Wall Street analysts, with a range of $63.32M to $63.32M. The forecast indicates a 863.10% rise compared to CLSK last annual SG&A of $6.58M (Dec 23).

CleanSpark EPS Forecast

Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts111111111133111254433334444444
EPS-----------------$-0.12$-0.23$-0.44$-1.07$-0.71$-0.09$0.36$-0.16$-0.49$0.28$-0.32$-0.32$-0.77
Avg Forecast$0.13$0.13$0.14$0.13$0.15$0.17$0.17$0.13$0.10$0.07$0.04$0.18$-0.18$-0.10$0.07$-0.26$-0.13$-0.17$-0.33$-0.60$-0.38$-0.15$0.29$0.38$0.07$-0.32$-0.02$-0.12$-0.24$-0.77
High Forecast$0.16$0.17$0.17$0.17$0.19$0.21$0.21$0.16$0.13$0.09$0.05$0.23$-0.15$-0.08$0.07$-0.23$-0.08$-0.15$-0.28$-0.52$-0.38$-0.15$0.29$0.38$0.07$-0.32$-0.02$-0.12$-0.24$-0.77
Low Forecast$0.11$0.11$0.12$0.11$0.13$0.14$0.14$0.11$0.09$0.06$0.03$0.10$-0.22$-0.12$0.07$-0.29$-0.19$-0.21$-0.41$-0.73$-0.38$-0.15$0.29$0.38$0.07$-0.32$-0.02$-0.12$-0.24$-0.77
Surprise %-----------------0.71%0.70%0.73%2.83%4.73%-0.30%0.96%-2.25%1.55%-12.67%2.67%1.33%1.00%

According to 3 Wall Street analysts, CleanSpark's projected average Quarter EPS for Mar 22 is $0.29, with a low estimate of $0.29 and a high estimate of $0.29. This represents a -20.79% decrease compared to CLSK previous annual EPS of $0.36 (Dec 21).

CleanSpark Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
BITFBitfarms$1.67$4.26155.09%Buy
CLSKCleanSpark$10.23$25.33147.61%Buy
HIVEHIVE Blockchain$3.23$6.75108.98%Buy
BTBTBit Digital$3.51$6.5085.19%Buy
CIFRCipher Mining$5.13$7.5847.76%Buy
WULFTeraWulf$6.11$9.0047.30%Buy
MARAMarathon Digital$18.68$25.7537.85%Buy
IRENIris Energy$11.01$14.1028.07%Buy
SDIGStronghold Digital Mining$4.04$4.00-0.99%Hold
RIOTRiot Blockchain$11.64$9.00-22.68%Buy
HUTHut 8 Mining$22.96$17.63-23.21%Buy

CLSK Forecast FAQ


Is CleanSpark a good buy?

Yes, according to 10 Wall Street analysts, CleanSpark (CLSK) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 9 'Buy' recommendations, accounting for 90.00% of CLSK's total ratings.

What is CLSK's price target?

CleanSpark (CLSK) average price target is $25.33 with a range of $22 to $27, implying a 141.93% from its last price of $10.47. The data is based on 10 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will CleanSpark stock go up soon?

According to Wall Street analysts' prediction for CLSK stock, the company can go up by 141.93% (from the last price of $10.47 to the average price target of $25.33), up by 157.88% based on the highest stock price target, and up by 110.12% based on the lowest stock price target.

Can CleanSpark stock reach $20?

CLSK's average twelve months analyst stock price target of $25.33 supports the claim that CleanSpark can reach $20 in the near future.

What are CleanSpark's analysts' financial forecasts?

CleanSpark's analysts financial forecasts for the fiscal year (Sep 2026) are as follows: average revenue is $1.22B (high $1.45B, low $1.08B), average EBITDA is $-222M (high $-197M, low $-263M), average net income is $155.38M (high $193.06M, low $132.74M), average SG&A $723.58M (high $858.58M, low $642.48M), and average EPS is $0.619 (high $0.769, low $0.529). CLSK's analysts financial forecasts for the fiscal year (Sep 2027) are as follows: average revenue is $721.17M (high $855.71M, low $640.34M), average EBITDA is $-131M (high $-116M, low $-156M), average net income is $133.98M (high $166.48M, low $114.46M), average SG&A $428.33M (high $508.25M, low $380.33M), and average EPS is $0.534 (high $0.663, low $0.456).

Did the CLSK's actual financial results beat the analysts' financial forecasts?

Based on CleanSpark's last annual report (Sep 2023), the company's revenue was $168.41M, which missed the average analysts forecast of $170.8M by -1.40%. Apple's EBITDA was $-2.086M, missing the average prediction of $-31.068M by -93.29%. The company's net income was $-137M, missing the average estimation of $-310M by -55.93%. Apple's SG&A was $31.69M, missing the average forecast of $101.44M by -68.76%. Lastly, the company's EPS was $0, missing the average prediction of $-1.235 by -100.00%. In terms of the last quarterly report (Dec 2023), CleanSpark's revenue was $73.79M, beating the average analysts' forecast of $71.03M by 3.88%. The company's EBITDA was $56.03M, missing the average prediction of $-12.92M by -533.68%. CleanSpark's net income was $25.33M, missing the average estimation of $-64.812M by -139.08%. The company's SG&A was $6.58M, missing the average forecast of $42.19M by -84.41%. Lastly, the company's EPS was $0, missing the average prediction of $-0.258 by -100.00%