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 170.04% upside from CLSK’s last price of $9.38) and a rating consensus of 'Buy', based on 9 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 9 Wall Street analysts in the past 3 months, with a price target range of $27.00 to $22.00. This represents a potential 170.04% upside from CLSK's last price of $9.38.

CLSK Analyst Ratings


Buy

According to 9 Wall Street analysts, CleanSpark's rating consensus is 'Buy'. The analyst rating breakdown for CLSK stock is 0 'Strong Buy' (0.00%), 8 'Buy' (88.89%), 1 'Hold' (11.11%), 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%187.85%
Jun 10, 2024Brett KnoblauchCantor Fitzgerald$27.00$15.7071.97%187.85%
Mar 19, 2024Gregory LewisBTIG$22.00$16.4933.41%134.54%
Jul 30, 2022Mike ColonneseH.C. Wainwright$6.00$3.9950.38%-36.03%
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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 187.85% increase from CLSK last price ($9.38).

CleanSpark Price Target by Period


1M3M12M
# Anlaysts-13
Avg Price Target-$27.00$25.33
Last Closing Price$9.38$9.38$9.38
Upside/Downside-100.00%187.85%170.04%

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 $9.38. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 12, 2024H.C. WainwrightBuyBuyHold
Aug 12, 2024Cantor FitzgeraldOverweightOverweightHold
Aug 12, 2024BarclaysOverweightOverweightHold
Aug 12, 2024Deutsche Bank-BuyUpgrade
Aug 12, 2024Canaccord GenuityHoldHoldHold
Aug 12, 2024Piper Sandler-OverweightUpgrade
Aug 12, 2024H.C. WainwrightBuyBuyHold
Jul 03, 2024Cantor FitzgeraldOverweightOverweightHold
Jun 28, 2024J.P. MorganBuyBuyHold
Jun 28, 2024H.C. WainwrightUnderperformUnderperformHold
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CleanSpark's last stock rating was published by H.C. Wainwright on Sep 12, 2024. The company gave CLSK a "Buy" rating, the same as its previous rate.

CleanSpark Financial Forecast


CleanSpark Revenue Forecast

Sep 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 20Mar 20Dec 19Sep 19Jun 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$400.59M$344.89M$296.93M$255.64M$224.70M$190.38M$149.89M$122.57M$96.26M$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$423.13M$364.29M$313.64M$270.03M$237.35M$201.09M$158.32M$129.47M$105.63M$117.12M$112.61M$76.99M$56.43M$48.27M$44.18M$31.18M$28.61M$38.60M$47.51M$46.25M$26.00M$13.33M$9.80M$3.16M$2.38M$3.84M$2.58M$866.45K$2.50M$1.37M
Low Forecast$375.68M$323.44M$278.46M$239.74M$210.73M$178.54M$140.57M$114.95M$86.88M$103.99M$99.99M$65.05M$51.08M$42.85M$39.22M$27.68M$25.40M$30.96M$38.10M$37.10M$20.85M$10.69M$7.86M$2.53M$1.91M$3.08M$2.07M$694.92K$2.01M$1.10M
# Analysts111----12112544333344444444333
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 $99.99M, and a high forecast of $112.61M. 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 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 20Mar 20Dec 19Sep 19Jun 19
# Analysts111----12112544333344444444333
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$-1.51M
Avg Forecast$-145.49M$-125.25M$-107.84M$-92.84M$-81.61M$-69.14M$-54.44M$-44.51M$-34.96M$-40.27M$-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$-444.16K
High Forecast$-136.44M$-117.47M$-101.13M$-87.07M$-76.53M$-64.84M$-51.05M$-41.75M$-31.55M$-37.77M$-36.31M$-23.63M$-18.55M$-15.56M$-14.24M$-10.05M$-9.23M$-11.24M$25.03M$-13.47M$-7.57M$-3.88M$-2.85M$-920.28K$-692.65K$-1.12M$-2.39M$519.78K$-729.13K$-398.27K
Low Forecast$-153.67M$-132.30M$-113.91M$-98.07M$-86.20M$-73.03M$-57.50M$-47.02M$-38.36M$-42.54M$-40.90M$-27.96M$-20.50M$-17.53M$-16.04M$-11.32M$-10.39M$-14.02M$16.69M$-16.80M$-9.44M$-4.84M$-3.56M$-1.15M$-863.63K$-1.40M$-3.58M$346.52K$-909.10K$-496.58K
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 $-36.31M and a low of $-40.90M. This is -169.11% lower than CleanSpark's previous annual EBITDA (Dec 23) of $56.03M.

CleanSpark Net Income Forecast

Sep 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 20Mar 20Dec 19Sep 19Jun 19
# Analysts111----12112544333344444444333
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$-30.25M$-26.09M$-17.31M$-18.47M$2.00M$-5.10M$-11.81M$-25.01M$-37.90M$-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$-27.80M$-23.98M$-15.91M$-16.98M$2.15M$-4.69M$-10.85M$-22.99M$-35.67M$-20.60M$16.99M$-52.71M$-17.77M$-35.73M$-68.98M$-126.79M$-79.54M$-29.69M$-247.76K$98.89M$18.46M$-62.41M$103.90M$-23.75M$-47.50M$-152.41M$-4.34M$-2.07M$-336.48M$-178.14M
Low Forecast$-32.46M$-28.00M$-18.57M$-19.83M$1.84M$-5.47M$-12.67M$-26.84M$-40.12M$-24.05M$14.55M$-65.37M$-43.14M$-41.71M$-80.54M$-148.04M$-92.86M$-39.56M$-371.63K$74.22M$13.86M$-83.15M$69.26M$-31.65M$-63.29M$-203.06M$-6.52M$-3.10M$-448.32M$-237.35M
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 $14.55M to $16.99M. 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 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 20Mar 20Dec 19Sep 19Jun 19
# Analysts111----12112544333344444444333
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$352.60M$303.57M$261.36M$225.01M$197.78M$167.57M$131.93M$107.88M$84.73M$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$372.44M$320.65M$276.06M$237.67M$208.91M$177.00M$139.36M$113.95M$92.97M$103.09M$99.12M$67.77M$49.67M$42.48M$38.88M$27.45M$25.19M$33.98M$31.84M$40.71M$22.88M$11.73M$8.62M$2.78M$2.09M$3.38M$2.27M$762.65K$2.20M$1.20M
Low Forecast$330.67M$284.69M$245.10M$211.02M$185.48M$157.15M$123.73M$101.17M$76.47M$91.53M$88.01M$57.26M$44.96M$37.72M$34.52M$24.37M$22.36M$27.25M$21.22M$32.65M$18.35M$9.41M$6.92M$2.23M$1.68M$2.71M$1.82M$611.66K$1.77M$965.24K
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 $88.01M to $99.12M. The forecast indicates a 1327.26% rise compared to CLSK last annual SG&A of $6.58M (Dec 23).

CleanSpark EPS Forecast

Sep 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 20Mar 20Dec 19Sep 19Jun 19
# Analysts111----12112544333344444444333
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$-0.13$-0.11$-0.08$-0.08$0.01$-0.02$-0.05$-0.11$-0.17$-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$-0.12$-0.10$-0.07$-0.07$0.01$-0.02$-0.05$-0.10$-0.16$-0.09$0.07$-0.23$-0.08$-0.16$-0.30$-0.55$-0.35$-0.13$0.33$0.43$0.08$-0.27$-0.02$-0.10$-0.21$-0.67$-0.92$-0.99$-1.47$-0.78
Low Forecast$-0.14$-0.12$-0.08$-0.09$0.01$-0.02$-0.06$-0.12$-0.18$-0.11$0.06$-0.29$-0.19$-0.18$-0.35$-0.65$-0.41$-0.17$0.25$0.32$0.06$-0.36$-0.03$-0.14$-0.28$-0.89$-1.22$-1.31$-1.96$-1.04
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 $0.25 and a high estimate of $0.33. 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
CLSKCleanSpark$9.38$25.33170.04%Buy
CIFRCipher Mining$3.09$7.90155.66%Buy
RIOTRiot Blockchain$7.20$16.14124.17%Buy
BTBTBit Digital$2.87$6.00109.06%Buy
BITFBitfarms$2.04$4.26108.82%Buy
MARAMarathon Digital$16.12$31.2093.55%Buy
IRENIris Energy$7.56$13.3676.72%Buy
HIVEHIVE Blockchain$3.08$5.0062.34%Buy
WULFTeraWulf$4.24$6.0843.40%Buy
HUTHut 8 Mining$11.24$15.7039.68%Buy
SDIGStronghold Digital Mining$4.61$6.2535.57%Hold

CLSK Forecast FAQ


Yes, according to 9 Wall Street analysts, CleanSpark (CLSK) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 8 'Buy' recommendations, accounting for 88.89% of CLSK's total ratings.

CleanSpark (CLSK) average price target is $25.33 with a range of $22 to $27, implying a 170.04% from its last price of $9.38. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for CLSK stock, the company can go up by 170.04% (from the last price of $9.38 to the average price target of $25.33), up by 187.85% based on the highest stock price target, and up by 134.54% based on the lowest stock price target.

CLSK's average twelve months analyst stock price target of $25.33 supports the claim that CleanSpark can reach $14 in the near future.

CleanSpark's analysts financial forecasts for the fiscal year (Sep 2025) are as follows: average revenue is $687.54M (high $726.22M, low $644.78M), average EBITDA is $-250M (high $-234M, low $-264M), average net income is $-39.921M (high $-36.387M, low $-43.149M), average SG&A $605.17M (high $639.22M, low $567.53M), and average EPS is $-0.175 (high $-0.159, low $-0.189). CLSK's analysts financial forecasts for the fiscal year (Sep 2026) are as follows: average revenue is $1.3B (high $1.37B, low $1.22B), average EBITDA is $-471M (high $-442M, low $-498M), average net income is $-92.12M (high $-84.673M, low $-98.86M), average SG&A $1.14B (high $1.21B, low $1.07B), and average EPS is $-0.403 (high $-0.37, low $-0.432).

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%