Argo Blockchain plc (ARBK)
NASDAQ: ARBK · IEX Real-Time Price · USD
1.520
+0.070 (4.83%)
Apr 19, 2024, 4:00 PM EDT - Market closed
Argo Blockchain Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Argo Blockchain stock have an average target of 2.23, with a low estimate of 1.45 and a high estimate of 2.75. The average target predicts an increase of 46.71% from the current stock price of 1.52.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for ARBK stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 2 | 2 | 2 | 2 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Canaccord Genuity | Canaccord Genuity | Hold Reiterates $1.45 | Hold | Reiterates | $1.45 | -4.61% | Mar 28, 2024 |
| Canaccord Genuity | Canaccord Genuity | Hold Reiterates $1.45 | Hold | Reiterates | $1.45 | -4.61% | Nov 16, 2023 |
| Compass Point | Compass Point | Strong Buy Maintains $3.75 → $2.75 | Strong Buy | Maintains | $3.75 → $2.75 | +80.92% | Aug 30, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $2.5 | Strong Buy | Reiterates | $2.5 | +64.47% | Aug 30, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $2.5 | Strong Buy | Reiterates | $2.5 | +64.47% | Jun 7, 2023 |
Financial Forecast
Revenue This Year
52.37M
from 47.36M
Increased by 10.57%
Revenue Next Year
48.44M
from 52.37M
Decreased by -7.51%
EPS This Year
-0.03
from -4.10
EPS Next Year
-0.00
from -0.03
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 53.4M | 68.2M | 136.1M |
| Avg | 52.4M | 48.4M | 133.5M |
| Low | 49.8M | 28.5M | 127.0M |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 12.7% | 30.2% | 180.9% |
| Avg | 10.6% | -7.5% | 175.6% |
| Low | 5.2% | -45.6% | 162.2% |
EPS Forecast
| EPS | 2023 | 2024 |
|---|---|---|
| High | -0.03 | -0.00 |
| Avg | -0.03 | -0.00 |
| Low | -0.03 | -0.00 |
EPS Growth
| EPS Growth | 2023 | 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.