Cleanspark (NASDAQ:CLSK) Given New $16.00 Price Target at Keefe, Bruyette & Woods

Cleanspark (NASDAQ:CLSK) had its price objective raised by equities researchers at Keefe, Bruyette & Woods from $14.00 to $16.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 19.75% from the company’s previous close.

CLSK has been the subject of several other research reports. Needham & Company LLC upped their price objective on shares of Cleanspark from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Cleanspark in a research report on Friday. BTIG Research restated a “buy” rating and set a $26.00 price target on shares of Cleanspark in a research note on Tuesday. Chardan Capital reiterated a “buy” rating and issued a $16.00 price objective on shares of Cleanspark in a research note on Wednesday, April 8th. Finally, B. Riley Financial lowered their target price on shares of Cleanspark from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.44.

Cleanspark Stock Down 0.8%

Shares of NASDAQ CLSK traded down $0.11 during mid-day trading on Wednesday, hitting $13.36. The company had a trading volume of 2,963,903 shares, compared to its average volume of 23,879,084. The company has a market capitalization of $3.42 billion, a PE ratio of -6.42 and a beta of 3.71. The business’s 50-day simple moving average is $10.71 and its 200 day simple moving average is $11.93. Cleanspark has a 1-year low of $8.00 and a 1-year high of $23.61. The company has a debt-to-equity ratio of 1.29, a current ratio of 10.54 and a quick ratio of 10.54.

Cleanspark (NASDAQ:CLSK) last posted its quarterly earnings results on Monday, May 11th. The company reported ($1.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($1.27). Cleanspark had a negative net margin of 67.66% and a positive return on equity of 6.22%. The company had revenue of $136.41 million during the quarter, compared to analyst estimates of $145.36 million. During the same period in the prior year, the business earned ($0.49) EPS. Cleanspark’s revenue for the quarter was down 24.9% on a year-over-year basis. On average, analysts predict that Cleanspark will post -0.7 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. grew its holdings in Cleanspark by 115.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,748 shares of the company’s stock valued at $25,000 after buying an additional 937 shares during the last quarter. Quarry LP acquired a new position in shares of Cleanspark in the third quarter worth $26,000. Morse Asset Management Inc acquired a new position in shares of Cleanspark in the third quarter worth $32,000. Danske Bank A S purchased a new stake in shares of Cleanspark in the fourth quarter valued at $25,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Cleanspark by 38.9% during the third quarter. Smartleaf Asset Management LLC now owns 2,660 shares of the company’s stock valued at $40,000 after acquiring an additional 745 shares during the last quarter. 43.12% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Cleanspark

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: BTIG Research reiterated a buy rating on Cleanspark and set a $26 price target, implying substantial upside and signaling continued analyst confidence. BTIG Research Reaffirms Buy Rating on Cleanspark
• Positive Sentiment: Maxim Group raised its price target on Cleanspark to $22 from $18 and maintained a buy rating, reinforcing a constructive long-term view. Maxim Group Raises Price Target on Cleanspark
• Positive Sentiment: Trading in call options surged, suggesting some investors are positioning for a rebound or expecting near-term volatility to the upside. Large Volume of Call Options on Cleanspark
• Neutral Sentiment: CleanSpark’s earnings call highlighted a strategic pivot toward AI and data center infrastructure, including plans tied to energy access and compute demand, which could support a longer-term re-rating if execution improves. CleanSpark Earnings Call Maps Pivot Beyond Bitcoin
• Neutral Sentiment: The company also outlined a 14–18 month delivery timeline for AI data centers while marketing 1.8 GW of contracted capacity, which points to future growth potential but not immediate earnings relief. CleanSpark AI Data Center Timeline
• Negative Sentiment: Zacks Research downgraded Cleanspark from hold to strong sell, adding pressure to sentiment after the recent earnings disappointment. Zacks Downgrades Cleanspark
• Negative Sentiment: The company’s latest quarter missed expectations by a wide margin, with EPS of -$1.52 versus an expected -$0.25 and revenue of $136.4 million below estimates, underscoring continued profitability and execution challenges. CleanSpark Reports Second Fiscal Quarter 2026 Results
• Negative Sentiment: Investors are also reacting to reports of a more than $200 million loss in bitcoin holdings, which adds concern about crypto-price exposure and balance-sheet volatility. CLSK Stock Tumbles After Bitcoin Holdings Loss

About Cleanspark

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.