CleanSpark (CLSK) Stock Forecast, Price Target & Predictions

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CLSK Stock Forecast

CleanSpark stock forecast is as follows: an average price target of $25.33 (represents a 69.09% upside from CLSK’s last price of $14.98) 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 69.09% upside from CLSK's last price of $14.98.

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

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Jun 28, 2024	Mike Colonnese	H.C. Wainwright	$27.00	$16.05	68.22%	80.24%
Jun 10, 2024	Brett Knoblauch	Cantor Fitzgerald	$27.00	$15.70	71.97%	80.24%
Mar 19, 2024	Gregory Lewis	BTIG	$22.00	$16.49	33.41%	46.86%
Jul 30, 2022	Mike Colonnese	H.C. Wainwright	$6.00	$3.99	50.38%	-59.95%

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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 80.24% increase from CLSK last price ($14.98).

CleanSpark Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	3
Avg Price Target	-	-	$25.33
Last Closing Price	$14.98	$14.98	$14.98
Upside/Downside	-100.00%	-100.00%	69.09%

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 $14.98. 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
Oct 16, 2024	JMP Securities	Market Outperform	Market Outperform	Hold
Sep 25, 2024	H.C. Wainwright	Underperform	Underperform	Hold
Sep 25, 2024	Macquarie	Buy	Buy	Hold
Sep 25, 2024	Macquarie	-	Outperform	Initialise
Sep 12, 2024	H.C. Wainwright	Buy	Buy	Hold
Aug 12, 2024	Piper Sandler	-	Overweight	Upgrade
Aug 12, 2024	Cantor Fitzgerald	Overweight	Overweight	Hold
Aug 12, 2024	Barclays	Overweight	Overweight	Hold
Aug 12, 2024	Deutsche Bank	-	Buy	Upgrade
Aug 12, 2024	Canaccord Genuity	Hold	Hold	Hold

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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 26	Jun 26	Mar 26	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	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
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	$3.66M	$976.82K	$2.32M	$1.22M
Avg Forecast	$191.69M	$194.96M	$198.60M	$203.25M	$218.19M	$187.71M	$153.64M	$127.57M	$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	$2.31M	$775.00K	$2.24M	$1.22M
High Forecast	$191.69M	$194.96M	$198.60M	$203.25M	$218.19M	$187.71M	$153.64M	$127.57M	$88.80M	$110.88M	$106.62M	$76.99M	$56.43M	$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	$2.31M	$775.00K	$2.24M	$1.22M
Low Forecast	$191.69M	$194.96M	$198.60M	$203.25M	$218.19M	$187.71M	$153.64M	$127.57M	$88.71M	$110.88M	$106.62M	$65.05M	$51.08M	$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	$2.31M	$775.00K	$2.24M	$1.22M
# Analysts	1	1	1	1	1	1	1	1	3	1	1	2	5	4	4	3	3	3	3	4	4	4	4	4	4	4	4	3	3	3
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%	1.59%	1.26%	1.04%	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 26	Jun 26	Mar 26	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	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
# Analysts	1	1	1	1	1	1	1	1	3	1	1	2	5	4	4	3	3	3	3	4	4	4	4	4	4	4	4	3	3	3
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	$-3.20M	$320.86K	$-8.76M	$-1.51M
Avg Forecast	$-69.62M	$-70.81M	$-72.13M	$-73.82M	$-79.24M	$-68.17M	$-55.80M	$-46.33M	$-32.24M	$-40.27M	$-38.72M	$-25.80M	$-19.52M	$-16.60M	$-15.19M	$-10.72M	$-9.84M	$-12.54M	$20.86M	$-15.02M	$-8.45M	$-4.33M	$-3.18M	$-1.03M	$-772.47K	$-1.25M	$-2.99M	$433.15K	$-813.15K	$-444.16K
High Forecast	$-69.62M	$-70.81M	$-72.13M	$-73.82M	$-79.24M	$-68.17M	$-55.80M	$-46.33M	$-32.22M	$-40.27M	$-38.72M	$-23.63M	$-18.55M	$-16.60M	$-15.19M	$-10.72M	$-9.84M	$-12.54M	$25.03M	$-15.02M	$-8.45M	$-4.33M	$-3.18M	$-1.03M	$-772.47K	$-1.25M	$-2.39M	$519.78K	$-813.15K	$-444.16K
Low Forecast	$-69.62M	$-70.81M	$-72.13M	$-73.82M	$-79.24M	$-68.17M	$-55.80M	$-46.33M	$-32.25M	$-40.27M	$-38.72M	$-27.96M	$-20.50M	$-16.60M	$-15.19M	$-10.72M	$-9.84M	$-12.54M	$16.69M	$-15.02M	$-8.45M	$-4.33M	$-3.18M	$-1.03M	$-772.47K	$-1.25M	$-3.58M	$346.52K	$-813.15K	$-444.16K
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-2.17%	0.20%	-0.43%	-0.18%	0.83%	1.19%	-0.76%	0.73%	-1.48%	0.03%	2.98%	-3.04%	5.88%	8.30%	0.58%	1.07%	0.74%	10.78%	3.41%

1 analysts predict CLSK's average Quarter EBITDA for Mar 24 to be $-38.72M, with a high of $-38.72M and a low of $-38.72M. This is -169.11% lower than CleanSpark's previous annual EBITDA (Dec 23) of $56.03M.

CleanSpark Net Income Forecast

	Sep 26	Jun 26	Mar 26	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	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
# Analysts	1	1	1	1	1	1	1	1	3	1	1	2	5	4	4	3	3	3	3	4	4	4	4	4	4	4	4	3	3	3
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	$-5.82M	$-1.92M	$-12.10M	$-3.97M
Avg Forecast	$21.26M	$19.75M	$23.81M	$20.90M	$24.80M	$16.12M	$5.22M	$-7.11M	$-41.19M	$-22.41M	$15.83M	$-59.04M	$-30.46M	$-38.87M	$-75.05M	$-137.95M	$-86.53M	$-34.30M	$-309.70K	$85.74M	$16.01M	$-72.09M	$86.58M	$-27.44M	$-54.87M	$-176.06M	$-5.43M	$-2.59M	$-388.69M	$-205.78M
High Forecast	$21.26M	$19.75M	$23.81M	$20.90M	$24.80M	$16.12M	$5.22M	$-7.11M	$-29.65M	$-22.41M	$15.86M	$-52.71M	$-17.77M	$-38.87M	$-75.05M	$-137.95M	$-86.53M	$-34.30M	$-247.76K	$85.74M	$16.01M	$-72.09M	$103.90M	$-27.44M	$-54.87M	$-176.06M	$-4.34M	$-2.07M	$-388.69M	$-205.78M
Low Forecast	$21.26M	$19.75M	$23.81M	$20.90M	$24.80M	$16.12M	$5.22M	$-7.11M	$-52.72M	$-22.41M	$15.80M	$-65.37M	$-43.14M	$-38.87M	$-75.05M	$-137.95M	$-86.53M	$-34.30M	$-371.63K	$85.74M	$16.01M	$-72.09M	$69.26M	$-27.44M	$-54.87M	$-176.06M	$-6.52M	$-3.10M	$-388.69M	$-205.78M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-0.43%	2.46%	0.37%	0.25%	0.21%	0.53%	0.86%	11.51%	0.17%	-0.34%	0.23%	0.09%	0.26%	0.13%	0.05%	1.07%	0.74%	0.03%	0.02%

CleanSpark's average Quarter net income forecast for Mar 24 is $15.83M, with a range of $15.80M to $15.86M. CLSK's average Quarter net income forecast represents a -37.50% decrease compared to the company's last Quarter net income of $25.33M (Dec 23).

CleanSpark SG&A Forecast

	Sep 26	Jun 26	Mar 26	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	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
# Analysts	1	1	1	1	1	1	1	1	3	1	1	2	5	4	4	3	3	3	3	4	4	4	4	4	4	4	4	3	3	3
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	$2.98M	$3.09M	$2.76M	$2.35M
Avg Forecast	$168.73M	$171.61M	$174.81M	$178.90M	$192.05M	$165.22M	$135.23M	$112.29M	$78.13M	$97.60M	$93.84M	$62.52M	$47.32M	$40.22M	$36.81M	$25.98M	$23.84M	$30.39M	$26.53M	$36.41M	$20.47M	$10.49M	$7.71M	$2.49M	$1.87M	$3.03M	$2.03M	$682.15K	$1.97M	$1.08M
High Forecast	$168.73M	$171.61M	$174.81M	$178.90M	$192.05M	$165.22M	$135.23M	$112.29M	$78.16M	$97.60M	$93.84M	$67.77M	$49.67M	$40.22M	$36.81M	$25.98M	$23.84M	$30.39M	$31.84M	$36.41M	$20.47M	$10.49M	$7.71M	$2.49M	$1.87M	$3.03M	$2.03M	$682.15K	$1.97M	$1.08M
Low Forecast	$168.73M	$171.61M	$174.81M	$178.90M	$192.05M	$165.22M	$135.23M	$112.29M	$78.09M	$97.60M	$93.84M	$57.26M	$44.96M	$40.22M	$36.81M	$25.98M	$23.84M	$30.39M	$21.22M	$36.41M	$20.47M	$10.49M	$7.71M	$2.49M	$1.87M	$3.03M	$2.03M	$682.15K	$1.97M	$1.08M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	0.11%	0.21%	0.33%	0.48%	0.63%	0.89%	0.37%	0.55%	0.39%	0.52%	1.46%	0.90%	2.84%	4.46%	0.89%	1.46%	4.52%	1.40%	2.18%

CleanSpark's average Quarter SG&A projection for Mar 24 is $93.84M, based on 1 Wall Street analysts, with a range of $93.84M to $93.84M. The forecast indicates a 1327.26% rise compared to CLSK last annual SG&A of $6.58M (Dec 23).

CleanSpark EPS Forecast

	Sep 26	Jun 26	Mar 26	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	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
# Analysts	1	1	1	1	1	1	1	1	3	1	1	2	5	4	4	3	3	3	3	4	4	4	4	4	4	4	4	3	3	3
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	$-1.13	$-0.40	$-2.70	$-0.90
Avg Forecast	$0.09	$0.09	$0.10	$0.09	$0.11	$0.07	$0.02	$-0.03	$-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	$-1.06	$-1.14	$-1.70	$-0.90
High Forecast	$0.09	$0.09	$0.10	$0.09	$0.11	$0.07	$0.02	$-0.03	$-0.13	$-0.10	$0.07	$-0.23	$-0.08	$-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	$-1.06	$-1.14	$-1.70	$-0.90
Low Forecast	$0.09	$0.09	$0.10	$0.09	$0.11	$0.07	$0.02	$-0.03	$-0.23	$-0.10	$0.07	$-0.29	$-0.19	$-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	$-1.06	$-1.14	$-1.70	$-0.90
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%	1.07%	0.35%	1.59%	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

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
BITF	Bitfarms	$2.27	$4.26	87.67%	Buy
CLSK	CleanSpark	$14.98	$25.33	69.09%	Buy
BTBT	Bit Digital	$4.64	$6.50	40.09%	Buy
HIVE	HIVE Blockchain	$4.67	$6.50	39.19%	Buy
MARA	Marathon Digital	$21.70	$29.25	34.79%	Buy
RIOT	Riot Blockchain	$12.67	$16.56	30.70%	Buy
IREN	Iris Energy	$10.88	$13.44	23.53%	Buy
CIFR	Cipher Mining	$6.62	$7.79	17.67%	Buy
SDIG	Stronghold Digital Mining	$5.34	$6.25	17.04%	Hold
WULF	TeraWulf	$7.35	$6.25	-14.97%	Buy
HUT	Hut 8 Mining	$24.78	$14.90	-39.87%	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 69.09% from its last price of $14.98. 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 69.09% (from the last price of $14.98 to the average price target of $25.33), up by 80.24% based on the highest stock price target, and up by 46.86% 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 2025) are as follows: average revenue is $687.11M (high $687.11M, low $687.11M), average EBITDA is $-250M (high $-250M, low $-250M), average net income is $39.03M (high $39.03M, low $39.03M), average SG&A $604.79M (high $604.79M, low $604.79M), and average EPS is $0.171 (high $0.171, low $0.171). CLSK's analysts financial forecasts for the fiscal year (Sep 2026) are as follows: average revenue is $788.51M (high $788.51M, low $788.51M), average EBITDA is $-286M (high $-286M, low $-286M), average net income is $85.72M (high $85.72M, low $85.72M), average SG&A $694.04M (high $694.04M, low $694.04M), and average EPS is $0.375 (high $0.375, low $0.375).

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 $-62.029M by -96.64%. The company's net income was $-137M, missing the average estimation of $-282M by -51.62%. Apple's SG&A was $31.69M, missing the average forecast of $150.34M by -78.92%. 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 $-25.795M by -317.21%. CleanSpark's net income was $25.33M, missing the average estimation of $-59.04M by -142.90%. The company's SG&A was $6.58M, missing the average forecast of $62.52M by -89.48%. Lastly, the company's EPS was $0, missing the average prediction of $-0.258 by -100.00%