Argo Blockchain plc (ARBK)
NASDAQ: ARBK · IEX Real-Time Price · USD
1.440
-0.080 (-5.26%)
At close: Apr 12, 2024, 4:00 PM
1.460
+0.020 (1.39%)
After-hours: Apr 12, 2024, 7:58 PM EDT

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 54.86% from the current stock price of 1.44.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $1.45 $2.23 $2.50 $2.75
Change +0.69% +54.86% +73.61% +90.97%

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 '23Dec '23Jan '24Feb '24Mar '24Apr '24
Strong Buy 222222
Buy 000000
Hold 222211
Sell 000000
Strong Sell 000000
Total 444433

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
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
HC Wainwright & Co.
HC Wainwright & Co.
Strong Buy
Reiterates
$2.5
Strong Buy Reiterates $2.5 +73.61% Jun 7, 2023
More Analyst Ratings

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
Year 2019202020212022202320242025
Revenue
8.62M18.96M74.20M47.36M52.37M48.44M133.48M
Revenue Growth
-120.00%291.43%-36.17%10.57%-7.51%175.58%
EPS
-0.020.040.74-4.10-0.03-0.00-
EPS Growth
--1,750.00%----
No. Analysts ----444
Financial currency is GBP. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202320242025
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 202320242025
High
12.7%
30.2%
180.9%
Avg
10.6%
-7.5%
175.6%
Low
5.2%
-45.6%
162.2%

EPS Forecast

EPS 20232024
High -0.03 -0.00
Avg -0.03 -0.00
Low -0.03 -0.00

EPS Growth

EPS Growth 20232024
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.