Citizens Rates CleanSpark (CLSK) buy, $27 Price Target

CleanSpark, Inc. received a reiterated buy rating from Citizens with a $27 price target, a 70.13% upside from the current price.

By EarningsIQ Research Desk · Published Jun 24, 2026, 10:02 AM EDT · Updated Jun 26, 2026, 1:02 PM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

Citizens rated CleanSpark, Inc. ($CLSK) "buy" with a $27 price target on June 24, 2026.

Since the rating, $CLSK is down 16.1% after 1 week, down 10.5% after 1 month and down 48.2% to date (from the $16.23 close on Jun 24, 2026).

CLSK CleanSpark, Inc.

$8.40 -27.27% year to date

Daily close · Oct 16, 2026

Key Points

Citizens reiterated its buy rating on CleanSpark, Inc. (CLSK) with a $27 price target on June 24, 2026.
Citizens's $27 price target implies 70.13% upside from CleanSpark, Inc.'s ($CLSK) current $15.87 share price.
Shares of CLSK traded near $17.19 on Wednesday, with a market cap of $4.48 billion.
CleanSpark insiders, including CEO Matthew Schultz, sold shares in May 2026, while analysts maintain a strong buy consensus.

Get $CLSK trade alerts by text

We text you when insiders, Congress or big funds trade $CLSK. Free.

Not investment advice. EarningsIQ is not a registered investment adviser, and this automated CleanSpark, Inc. alert may contain errors. Disclosures

CleanSpark, Inc. (NasdaqCM: CLSK) received a reiterated buy rating from Citizens on June 24, 2026. Analyst Greg P. Miller set a price target of $27 for the company. This rating comes as CleanSpark's shares traded near $17.19 on Wednesday.

Other Institutional Activity in CleanSpark

Several institutional investors have made moves in CleanSpark recently. BlackRock, Inc. reduced its position by 2,872,599 shares, leaving it with 41,742,612 shares valued at approximately $355.2 million, a 6.4% decrease. Dimensional Fund Advisors LP increased its holdings by 6,323,715 shares, bringing its total to 14,102,777 shares worth around $120 million, representing an 81.3% increase. Situational Awareness LP significantly boosted its stake by 10,635,739 shares, now holding 12,276,139 shares valued at roughly $104.5 million, marking a 648.4% rise. Meanwhile, Situational Awareness Partners LP and Vanguard Portfolio Management LLC both opened new positions, with 12,276,139 and 11,092,140 shares, respectively.

CleanSpark, Inc. Stock Up 72.0%

Shares of CleanSpark traded near $17.19 on Wednesday. The company has a market cap of approximately $4.48 billion and a beta of 3.808, indicating higher volatility compared to the market. CleanSpark's stock has a 52-week low of $8.00 and a high of $23.61. Its 50-day moving average is $14.33, and the 200-day moving average is $13.04. The company has a current ratio of 8.259 and a quick ratio of 2.203, with a debt-to-equity ratio of 181.585.

12-month forecast

$CLSK price target

CleanSpark, Inc. daily closes and this analyst's $27 target. Not advice.

Recent Earnings

CleanSpark reported revenue of $739.9 million, though it experienced a revenue decline of 24.9%. The company's net margin stands at -67.7%, and it has a return on equity of -34.8%. With an EPS of -2.08, CleanSpark is not currently profitable, and its forward P/E is not meaningful. The next earnings report is expected on August 6, 2026.

Insider Buying and Selling at CleanSpark, Inc.

On May 14, 2026, several insiders sold shares of CleanSpark. CEO & Chairman Matthew Schultz sold 9,031 shares at prices of $13.30 and $13.98. EVP and Chief Development Officer Scott Eugene Garrison and President and CFO Gary Anthony Vecchiarelli also sold shares on the same day.

Analysts Set New Price Targets

On June 24, 2026, Citizens reiterated its buy rating on CleanSpark with a $27 price target. Chardan Capital maintained a buy rating with a $19 target on June 8, 2026. Macquarie also maintained its buy rating with a $22 target on May 13, 2026. Overall, CleanSpark holds a strong buy consensus, with a target mean price of $20.63 among 12 analyst opinions.

About CleanSpark, Inc.

CleanSpark, Inc. is a bitcoin mining company based in Henderson, Nevada. It operates data centers and power assets to support the Bitcoin network. Founded in 1987, the company has grown to employ 309 people. Under the leadership of CEO S. Matthew Schultz, CleanSpark focuses on expanding its infrastructure to enhance its digital commodity operations.

Bottom Line

Citizens' reiterated buy rating and $27 price target reflect ongoing interest in CleanSpark's potential. Investors track such ratings as they provide insights into market sentiment and company performance. It's important to note that analyst ratings often reflect past performance and expectations, not current positions.