Latest news with #Cleanspark
Business Insider
2 days ago
- Business
- Business Insider
BTIG Sticks to Their Buy Rating for Cleanspark (CLSK)
In a report released today, Gregory Lewis from BTIG reiterated a Buy rating on Cleanspark (CLSK – Research Report), with a price target of $22.00. The company's shares opened today at $9.39. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Lewis covers the Energy sector, focusing on stocks such as Borr Drilling, TechnipFMC, and Golar LNG. According to TipRanks, Lewis has an average return of 2.1% and a 45.81% success rate on recommended stocks. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cleanspark with a $19.00 average price target, a 102.34% upside from current levels. In a report released today, J.P. Morgan also maintained a Buy rating on the stock with a $14.00 price target. Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CLSK in relation to earlier this year.
Business Insider
21-05-2025
- Business
- Business Insider
Analysts Offer Insights on Financial Companies: Toronto Dominion Bank (TD) and Cleanspark (CLSK)
There's a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Toronto Dominion Bank (TD – Research Report) and Cleanspark (CLSK – Research Report) with bullish sentiments. Confident Investing Starts Here: Toronto Dominion Bank (TD) In a report released yesterday, Paul Holden from CIBC maintained a Buy rating on Toronto Dominion Bank, with a price target of C$94.00. The company's shares closed last Tuesday at $64.80, close to its 52-week high of $64.91. According to Holden is a 5-star analyst with an average return of 9.2% and a 63.7% success rate. Holden covers the Financial sector, focusing on stocks such as National Bank of Canada, Royal Bank Of Canada, and Bank Of Nova Scotia. Currently, the analyst consensus on Toronto Dominion Bank is a Moderate Buy with an average price target of $65.23, implying a 0.8% upside from current levels. In a report issued on May 12, Canaccord Genuity also maintained a Buy rating on the stock with a C$96.00 price target. Chardan Capital analyst James McIlree maintained a Buy rating on Cleanspark yesterday and set a price target of $20.00. The company's shares closed last Tuesday at $9.70, close to its 52-week low of $7.02. KBW also maintained a Buy rating on the stock with a $15.50 price target.
Business Insider
10-05-2025
- Business
- Business Insider
Analysts' Top Financial Picks: Brookfield Corporation (BN), Cleanspark (CLSK)
There's a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Brookfield Corporation (BN – Research Report) and Cleanspark (CLSK – Research Report) with bullish sentiments. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Brookfield Corporation (BN) RBC Capital analyst Robert Kwan maintained a Buy rating on Brookfield Corporation yesterday and set a price target of $67.00. The company's shares closed last Friday at $56.70. Kwan has an average return of 0.8% when recommending Brookfield Corporation. According to Kwan is ranked #142 out of 9504 analysts. Brookfield Corporation has an analyst consensus of Strong Buy, with a price target consensus of $67.00, implying a 16.0% upside from current levels. In a report released yesterday, BMO Capital also maintained a Buy rating on the stock with a $66.00 price target. In a report released yesterday, John Todaro from Needham reiterated a Buy rating on Cleanspark, with a price target of $19.50. The company's shares closed last Friday at $9.20, close to its 52-week low of $7.02. According to Todaro is a 5-star analyst with an average return of 22.6% and a 48.5% success rate. Todaro covers the Financial sector, focusing on stocks such as Applied Digital Corporation, Marathon Digital Holdings, and Coinbase Global. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cleanspark with a $18.50 average price target, which is a 121.0% upside from current levels. In a report issued on April 30, H.C. Wainwright also maintained a Buy rating on the stock with a $25.00 price target.
Forbes
23-04-2025
- Business
- Forbes
What's Happening With CLSK Stock?
Cleanspark (NASDAQ:CLSK) stock experienced a significant 17% surge on Tuesday, April 22nd. This upward movement followed Bitcoin's own substantial rally to the $93,500 mark. Investor optimism, potentially fueled by expectations of a de-escalation in the trade war with China, likely contributed to this increase. The broader market also exhibited strong positive momentum, with both the S&P 500 and NASDAQ closing over 2.5% higher yesterday. This positive sentiment extended beyond CLSK, as other Bitcoin mining companies, including Riot Platforms and MARA Holdings, also saw their stock prices rise. Following this recent climb, a key question emerges: is CLSK still a worthwhile investment? Our analysis suggests it is. While acknowledging that CLSK stock isn't inexpensive and certain concerns exist, our conclusion stems from a comparative assessment of its current valuation against its recent operating performance and overall financial health, both present and historical. Our evaluation of Cleanspark across crucial metrics—Growth, Profitability, Financial Stability, and Downturn Resilience—indicates a moderate operating performance and financial condition, as elaborated below. That said, if you seek upside with lower volatility than individual stocks, the Trefis High-Quality portfolio presents an alternative - having outperformed the S&P 500 and generated returns exceeding 91% since its inception. Going by what you pay per dollar of sales or profit, CLSK stock looks slightly expensive compared to the broader market. Cleanspark's Revenues have grown considerably over recent years. Cleanspark's profit margins are much worse than most companies in the Trefis coverage universe. Cleanspark's balance sheet looks strong. CLSK stock has fared worse than the benchmark S&P 500 index during some of the recent downturns. While investors have their fingers crossed for a soft landing by the U.S. economy, how bad can things get if there is another recession? Our dashboard How Low Can Stocks Go During A Market Crash captures how key stocks fared during and after the last six market crashes. In summary, Cleanspark's performance across the parameters detailed above are as follows: Cleanspark presents a mixed picture based on the parameters we've examined. While its valuation appears slightly expensive compared to the broader market, its current price-to-sales ratio of 4.5x trailing revenues is somewhat lower than its four-year average of 4.9x. Furthermore, the company's future performance is closely tied to the trajectory of Bitcoin. Although Cleanspark currently exhibits a negative operating margin, a different perspective emerges when we adjust for non-cash items such as impairment charges, depreciation and amortization (D&A), and stock-based compensation. This adjustment reveals a robust adjusted EBITDA margin of 65% in 2024, indicating underlying profitability. Considering these factors, we believe CLSK stock represents a compelling buying opportunity at its current price of $9. This view is further supported by the average analyst price target of $19, which suggests a significant potential upside of 2x, implying the stock is currently undervalued. While it looks like there is upside to CLSK stock, the Trefis Reinforced Value (RV) Portfolio, has outperformed its all-cap stocks benchmark (combination of the S&P 500, S&P mid-cap, and Russell 2000 benchmark indices) to produce strong returns for investors. Why is that? The quarterly rebalanced mix of large-, mid- and small-cap RV Portfolio stocks provided a responsive way to make the most of upbeat market conditions while limiting losses when markets head south, as detailed in RV Portfolio performance metrics.
