JPMorgan raised the firm’s price target on CleanSpark (CLSK) to $14 from $12 and keeps an Overweight rating on the shares. The firm updated bitcoin miner price targets and models to reflect the Q1 results and changes in bitcoin price and the network hashrate. JPMorgan applied a sum-of-the-parts valuation framework, which values miners based on their mining operation, land and power portfolio, and bitcoin holdings.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CLSK:
- CleanSpark has ‘quietly become’ second largest miner, says BTIG
- Mixed options sentiment in CleanSpark with shareslittle changed
- 3 Best Stocks to Buy Now, 6/10/2025, According to Top Analysts
- CleanSpark call volume above normal and directionally bullish
- Insider Trading Frenzy: Upstart, Vistra, Cleanspark, Royal Caribbean, Main Street Capital