Argo Blockchain (ARBK) Stock Forecast & Price Target

$1.21

+0.06 (+5.22%)

(As of 11/28/2023 ET)

Today's Range: $1.14
▼
$1.21
50-Day Range: $0.97
▼
$1.46
52-Week Range: $0.36
▼
$3.20

Volume: 238,643 shs
Average Volume: 312,666 shs
Market Capitalization: $64.77 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $2.23

Argo Blockchain Consensus Analyst Rating and Stock Price Forecast (2023)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 4 Analyst Ratings

Analysts' Consensus Price Target

$2.23
84.57% Upside

High Forecast	$2.75
Average Forecast	$2.23
Low Forecast	$1.45

Type	Current Forecast 11/29/22 to 11/29/23	1 Month Ago 10/30/22 to 10/30/23	3 Months Ago 8/31/22 to 8/31/23	1 Year Ago 11/29/21 to 11/29/22
Consensus Rating	Moderate Buy	Hold	Hold	Reduce
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)
Hold	2 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$2.23	$2.63	$2.75	$8.80
Predicted Upside	84.57% Upside	128.26% Upside	50.00% Upside	74.80% Upside

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ARBK Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ARBK Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Argo Blockchain Stock vs. The Competition

Type	Argo Blockchain	Finance Companies	S&P 500
Consensus Rating Score	2.50	2.40	2.49
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	84.57% Upside	2,962.76% Upside	2,838.32% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/16/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold ➝ Hold	$1.45	+23.93%
8/30/2023	HC Wainwright Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Dede Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$2.50	+123.21%
8/30/2023	Compass Point Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$3.75 ➝ $2.75	+133.05%
5/3/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
1/4/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Dd. Aftahi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Neutral

(Data available from 11/29/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

ARBK Price Target - Frequently Asked Questions

What is Argo Blockchain's consensus rating and price target?: According to the issued ratings of 4 analysts in the last year, the consensus rating for Argo Blockchain stock is Moderate Buy based on the current 2 hold ratings and 2 buy ratings for ARBK. The average twelve-month price prediction for Argo Blockchain is $2.23 with a high price target of $2.75 and a low price target of $1.45. Learn more on ARBK's analyst rating history.
Do Wall Street analysts like Argo Blockchain more than its competitors?: Analysts like Argo Blockchain more than other Finance companies. The consensus rating for Argo Blockchain is Moderate Buy while the average consensus rating for finance companies is Hold. Learn more on how ARBK compares to other companies.
Does Argo Blockchain's stock price have much upside?: According to analysts, Argo Blockchain's stock has a predicted upside of 93.08% based on their 12-month stock forecasts.

What analysts cover Argo Blockchain?: Argo Blockchain has been rated by Canaccord Genuity Group in the past 90 days.

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This page (NASDAQ:ARBK) was last updated on 11/29/2023 by MarketBeat.com Staff

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