Argo Blockchain plc (ARBK)
NASDAQ: ARBK · IEX Real-Time Price · USD
1.440
+0.060 (4.35%)
At close: May 17, 2024, 4:00 PM
1.470
+0.030 (2.08%)
After-hours: May 17, 2024, 7:57 PM EDT
Argo Blockchain Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Argo Blockchain stock have an average target of 2.10, with a low estimate of 1.45 and a high estimate of 2.75. The average target predicts an increase of 45.83% from the current stock price of 1.44.
Analyst Consensus: Buy
* Price targets were last updated on Mar 28, 2024.
Analyst Ratings
The average analyst rating for ARBK stock from 3 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 2 | 2 | 2 | 1 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HC Wainwright & Co. | HC Wainwright & Co. | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | Apr 26, 2024 |
| Canaccord Genuity | Canaccord Genuity | Hold Reiterates $1.45 | Hold | Reiterates | $1.45 | +0.69% | Mar 28, 2024 |
| Canaccord Genuity | Canaccord Genuity | Hold Reiterates $1.45 | Hold | Reiterates | $1.45 | +0.69% | Nov 16, 2023 |
| Compass Point | Compass Point | Strong Buy Maintains $3.75 → $2.75 | Strong Buy | Maintains | $3.75 → $2.75 | +90.97% | Aug 30, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $2.5 | Strong Buy | Reiterates | $2.5 | +73.61% | Aug 30, 2023 |
Financial Forecast
Revenue This Year
48.44M
from 50.56M
Decreased by -4.20%
Revenue Next Year
133.48M
from 48.44M
Increased by 175.58%
EPS This Year
-0.00
from -0.70
EPS Next Year
n/a
from -0.00
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 68.2M | 136.1M | 172.5M |
| Avg | 48.4M | 133.5M | 169.2M |
| Low | 28.5M | 127.0M | 161.0M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 34.9% | 180.9% | 29.2% |
| Avg | -4.2% | 175.6% | 26.8% |
| Low | -43.6% | 162.2% | 20.6% |
EPS Forecast
| EPS | 2024 |
|---|---|
| High | -0.00 |
| Avg | -0.00 |
| Low | -0.00 |
EPS Growth
| EPS Growth | 2024 |
|---|---|
| High | - |
| Avg | - |
| Low | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.