Maxim Group Raises Cleanspark (NASDAQ:CLSK) Price Target to $22.00

Cleanspark (NASDAQ:CLSK) had its price target hoisted by equities researchers at Maxim Group from $18.00 to $22.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Maxim Group’s price objective indicates a potential upside of 63.33% from the company’s previous close.

A number of other analysts also recently commented on the company. Cantor Fitzgerald reduced their price objective on Cleanspark from $17.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Chardan Capital reissued a “buy” rating and issued a $16.00 price target on shares of Cleanspark in a report on Wednesday, April 8th. Zacks Research raised shares of Cleanspark from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. Needham & Company LLC boosted their price target on shares of Cleanspark from $17.00 to $18.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, Northland Securities began coverage on shares of Cleanspark in a report on Tuesday, January 13th. They issued an “outperform” rating and a $22.50 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Cleanspark has an average rating of “Moderate Buy” and an average price target of $20.29.

Cleanspark Stock Performance

Shares of NASDAQ:CLSK traded down $0.83 during trading on Tuesday, reaching $13.47. The stock had a trading volume of 31,830,231 shares, compared to its average volume of 24,116,777. Cleanspark has a 52 week low of $8.00 and a 52 week high of $23.61. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of -12.59 and a beta of 3.71. The company has a quick ratio of 10.54, a current ratio of 10.54 and a debt-to-equity ratio of 1.29. The stock has a fifty day simple moving average of $10.64 and a two-hundred day simple moving average of $11.95.

Cleanspark (NASDAQ:CLSK) last announced its 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 positive return on equity of 11.74% and a negative net margin of 33.24%.The company had revenue of $136.41 million for the quarter, compared to the consensus estimate of $145.36 million. During the same period last year, the firm posted ($0.49) EPS. The company’s revenue was down 24.9% compared to the same quarter last year. As a group, analysts anticipate that Cleanspark will post -0.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CLSK. Dimensional Fund Advisors LP lifted its position in Cleanspark by 81.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,102,777 shares of the company’s stock worth $120,007,000 after buying an additional 6,323,715 shares in the last quarter. Marex Group plc lifted its position in Cleanspark by 23,812.2% during the 4th quarter. Marex Group plc now owns 5,400,561 shares of the company’s stock worth $54,654,000 after buying an additional 5,377,976 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in Cleanspark during the 3rd quarter worth about $56,056,000. Renaissance Technologies LLC acquired a new position in Cleanspark during the 4th quarter worth about $26,125,000. Finally, Situational Awareness LP acquired a new position in Cleanspark during the 4th quarter worth about $16,601,000. Institutional investors and hedge funds own 43.12% of the company’s stock.

Key Headlines Impacting Cleanspark

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Management is pitching CleanSpark as a broader digital infrastructure and AI/data center company, saying its power and compute assets could support next-generation AI workloads. CleanSpark (CLSK) CEO on Data Centers, Bitcoin Mining & Future of AI
• Positive Sentiment: Keefe, Bruyette & Woods kept an Outperform rating and $14 price target after the earnings miss, suggesting some analysts still see upside if the infrastructure strategy gains traction. KBW keeps ‘outperform’ rating and $14 target on CleanSpark after Q2 miss
• Positive Sentiment: Unusually heavy call option buying indicates traders are positioning for a rebound or continued volatility to the upside. MarketBeat CLSK page
• Neutral Sentiment: CleanSpark said it is expanding contracted power capacity and building AI data center infrastructure, but these projects will take 14–18 months to deliver, so the benefits are not immediate. Cleanspark outlines 14–18-month delivery timeline for ai data centers as it markets 1.8 gw contracted capacity
• Negative Sentiment: The earnings miss and revenue decline reinforce concerns that core bitcoin-mining results remain weak, which is likely the main driver behind the stock’s decline today. CleanSpark Reports Second Fiscal Quarter 2026 Results

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.