Cleanspark (NASDAQ:CLSK) Price Target Raised to $21.00

Cleanspark (NASDAQ:CLSK) had its price objective raised by Chardan Capital from $19.00 to $21.00 in a research report sent to investors on Tuesday, Marketbeat.com reports. They currently have a buy rating on the stock.

A number of other research firms have also recently commented on CLSK. Zacks Research upgraded shares of Cleanspark from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Maxim Group upped their price objective on shares of Cleanspark from $18.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Citigroup initiated coverage on shares of Cleanspark in a research report on Wednesday, June 24th. They set an “outperform” rating on the stock. HC Wainwright restated a “buy” rating on shares of Cleanspark in a research note on Tuesday, July 14th. Finally, Cantor Fitzgerald raised their target price on Cleanspark from $17.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Cleanspark has an average rating of “Moderate Buy” and an average price target of $23.35.

Cleanspark Price Performance

Shares of CLSK opened at $14.54 on Tuesday. The firm has a market cap of $3.73 billion, a PE ratio of -6.92 and a beta of 3.83. Cleanspark has a 52-week low of $8.00 and a 52-week high of $23.61. The business’s 50 day moving average price is $15.33 and its two-hundred day moving average price is $12.64. The company has a debt-to-equity ratio of 1.81, a quick ratio of 8.26 and a current ratio of 8.26.

Cleanspark (NASDAQ:CLSK) last announced its quarterly earnings data on Monday, May 11th. The company reported ($1.52) EPS for the quarter, missing the consensus estimate of ($0.25) by ($1.27). Cleanspark had a positive return on equity of 7.07% and a negative net margin of 67.66%.The company had revenue of $136.41 million for the quarter, compared to analyst estimates of $145.35 million. During the same period last year, the business earned ($0.49) EPS. The business’s quarterly revenue was down 24.9% compared to the same quarter last year. On average, equities analysts anticipate that Cleanspark will post -1.19 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new position in shares of Cleanspark in the first quarter valued at $68,000. Caxton Associates LLP acquired a new stake in shares of Cleanspark in the 1st quarter worth about $169,000. United Services Automobile Association acquired a new stake in shares of Cleanspark in the 1st quarter worth about $125,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Cleanspark by 16.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 598,994 shares of the company’s stock valued at $4,025,000 after acquiring an additional 86,229 shares in the last quarter. Finally, Strs Ohio bought a new position in Cleanspark in the 1st quarter valued at about $38,000. Institutional investors and hedge funds own 43.12% of the company’s stock.

Key Stories Impacting Cleanspark

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Analysts see additional upside. Keefe, Bruyette & Woods expects CleanSpark’s stock to rise, while Chardan Capital forecasts strong price appreciation. The favorable views add support to the recent rally and reflect optimism about the company’s growth strategy. Keefe, Bruyette & Woods analyst outlook Chardan Capital forecast
• Positive Sentiment: The AI data-center pivot gained validation. CleanSpark’s reported $6.6 billion, 20-year triple-net lease covering 175 megawatts at its Sandersville, Georgia, facility supports the potential for long-term recurring revenue and confirms strong demand for AI infrastructure. Additional upside could come from leasing the remaining 885 megawatts of Texas capacity. CleanSpark infrastructure lease valuation
• Neutral Sentiment: Investors are awaiting financial results. CleanSpark will discuss fiscal third-quarter 2026 results during a live webcast, giving investors an upcoming catalyst to assess revenue trends, profitability, bitcoin-mining performance, AI infrastructure progress and capital requirements. CleanSpark Q3 2026 webcast announcement
• Negative Sentiment: Near-term risks limited enthusiasm. One analysis downgraded CleanSpark from “Strong Buy” to “Buy,” citing a lack of immediate catalysts, anticipated capital needs and potential dilution. Grid constraints and delays in energizing facilities could also postpone revenue from the AI-data-center expansion. CleanSpark AI pivot and dilution risks

Cleanspark Company Profile

CleanSpark, Inc (NASDAQ: CLSK) is a leading energy software and services company specializing in advanced microgrid controls and distributed energy resource (DER) management. The firm develops proprietary software platforms designed to optimize power flows across on-grid and off-grid installations, integrating renewable generation, battery storage, and traditional generation assets. CleanSpark’s technology is used by utilities, commercial and industrial enterprises, and remote facilities seeking to enhance energy resilience, reduce operating costs, and achieve sustainability goals.

In addition to its core software offerings, CleanSpark provides end-to-end engineering, procurement and construction (EPC) services.