Not a good buy right now: price is in a short-term downtrend with bearish momentum (MACD negative and worsening) and weak near-term pattern-probability (-2.3% week / -7% month).
Earnings are imminent (Feb 5 after-hours), which can easily override technicals; with no proprietary buy signals today and insiders actively selling, the risk/reward is unfavorable for an impatient entry.
I would only turn constructive if CLSK reclaims/holds above ~$11.13 (S1) and starts building above ~$12.57 (pivot); at current ~$10.68 it’s too close to breakdown risk toward ~$10.24 (S2).
Technical Analysis
Trend/momentum: bearish. MACD histogram -0.155 below zero and negatively expanding (downside momentum strengthening).
RSI(6) 35.21: weak/near-oversold but not yet showing a clear reversal signal.
Moving averages: converging (typically signals indecision/transition), but current momentum skews downside.
Key levels: Resistance/pivot ~$12.57, then ~$14.00. Support ~$11.13 has been lost; next key support ~$10.24 (S2).
Probabilistic pattern read: 70% chance of further downside (-1.6% next day, -2.3% next week, -7% next month).
Positioning/sentiment: very call-skewed (low put/call ratios), suggesting traders are leaning bullish/speculative despite the current price drop.
Volatility: IV30 ~110% vs HV ~100% with IV percentile ~79.6 (options are expensive; market is pricing sizable moves—consistent with the upcoming earnings event).
Volume context: today’s options volume is below recent averages (today vs 30D avg ~75%), so the call-skew may reflect positioning more than fresh conviction.
Technical Summary
Sell
9
Buy
3
Positive Catalysts
Near-term catalyst: Fiscal Q1 2026 earnings on 2026-02-05 after-hours (can trigger a sharp move if guidance/AI-HPC progress surprises positively).
Strategic narrative: continued pivot/expansion from Bitcoin mining into AI/HPC data center infrastructure (multiple analysts highlight power availability and tenant potential as key upside).
Street sentiment: multiple Buy/Outperform ratings with price targets far above the current price, implying meaningful upside if execution and BTC/compute economics cooperate.
Neutral/Negative Catalysts
Insider activity: insiders are selling, with selling amount up ~156.9% over the last month (negative signal into earnings).
Financial Performance
Latest reported quarter: 2025/Q4.
Growth: revenue rose to ~$223.65M, up ~150.5% YoY (strong top-line expansion).
Profitability quality: net income was negative (~-$1.32M) and reported margins deteriorated (gross margin listed at ~8.08 with a sharp YoY decline), indicating heavy cost pressure/investment and weaker operating leverage despite revenue growth.
Bottom line: strong growth, but profitability/margins are not yet convincingly trending in the right direction—important going into the next earnings print.
Growth
Profitability
Efficiency
Analyst Ratings and Price Target Trends
Recent trend: largely bullish coverage (Buy/Outperform/Overweight), but several price targets were trimmed post-results (e.g., $30→$27, $25→$22, $30→$27), signaling tempered near-term expectations.
Latest notes: Keefe Bruyette kept Outperform with a slight target trim ($18.50→$18); Maxim initiated Buy with $22; Clear Street reiterates Buy and calls it a 2026 top idea with $27.
Wall Street pros: secured power/land footprint, AI/HPC optionality and potential tenant demand, “clean” AI-infra exposure narrative.
Wall Street cons: higher spending/capex needs, timing uncertainty for HPC leasing/tenants, and sensitivity to BTC/compute economics—factors that can keep the stock volatile and prone to drawdowns.
Wall Street analysts forecast CLSK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CLSK is 23.5 USD with a low forecast of 14 USD and a high forecast of 27 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
Wall Street analysts forecast CLSK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CLSK is 23.5 USD with a low forecast of 14 USD and a high forecast of 27 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Buy
0 Hold
0 Sell
Strong Buy
Current: 8.265
Low
14
Averages
23.5
High
27
Current: 8.265
Low
14
Averages
23.5
High
27
Needham
John Todaro
Buy
downgrade
$25 -> $19
AI Analysis
2026-02-06
New
Reason
Needham
John Todaro
Price Target
$25 -> $19
AI Analysis
2026-02-06
New
downgrade
Buy
Reason
Needham analyst John Todaro lowered the firm's price target on CleanSpark to $19 from $25 and keeps a Buy rating on the shares. The company modestly missed on revenues and Adj. EBITDA, primarily driven by lower mining, though the firm is lowering its estimates further as bitcoin prices have materially pulled back, the analyst tells investors in a research note.
Cantor Fitzgerald
Overweight
downgrade
$21 -> $17
2026-02-06
New
Reason
Cantor Fitzgerald
Price Target
$21 -> $17
2026-02-06
New
downgrade
Overweight
Reason
Cantor Fitzgerald lowered the firm's price target on CleanSpark to $17 from $21 and keeps an Overweight rating on the shares. The investment case for CleanSpark has now shifted to AI, with what appears to be strong momentum for its Sandersville site, and the company is adding additional large site capacity behind that, the analyst tells investors in a research note. The recent selloff makes shares attractive, the firm adds.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for CLSK
