Stronghold Digital Mining (SDIG) Stock Forecast & Price Target

$3.22

+0.05 (+1.58%)

(As of 07/26/2024 ET)

Stronghold Digital Mining - Analysts' Recommendations and Stock Price Forecast (2024)

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.

Consensus Rating

Moderate Buy
Based on 3 Analyst Ratings

Based on 3 Wall Street analysts who have issued ratings for Stronghold Digital Mining in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 3 analysts, 1 has given a hold rating, and 2 have given a buy rating for SDIG.

Consensus Price Target

$6.83
112.22% Upside

High Forecast	$8.50
Average Forecast	$6.83
Low Forecast	$5.00

According to the 3 analysts' twelve-month price targets for Stronghold Digital Mining, the average price target is $6.83. The highest price target for SDIG is $8.50, while the lowest price target for SDIG is $5.00. The average price target represents a forecasted upside of 112.22% from the current price of $3.22.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Moderate Buy	Buy	Buy	Hold
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)	2 Buy rating(s)
Hold	1 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$6.83	$7.83	$7.83	$19.42
Forecasted Upside	112.22% Upside	74.62% Upside	74.62% Upside	37.73% Upside

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SDIG Analyst Recommendations 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.

SDIG 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.

Stronghold Digital Mining Stock vs. The Competition

Type	Stronghold Digital Mining	Finance Companies	S&P 500
Consensus Rating Score	2.67	2.45	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	112.22% Upside	35.50% Upside	9.10% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
7/12/2024	B. Riley 4 of 5 stars	Lower Target	Neutral ➝ Neutral	$6.00 ➝ $5.00	+37.74%
4/10/2024	Compass Point 4 of 5 stars	Lower Target	Buy ➝ Buy	$22.00 ➝ $8.50	+142.86%
3/7/2024	HC Wainwright 3 of 5 stars	Reiterated Rating	Buy ➝ Buy	$7.00	+66.67%
11/16/2022	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$20.00	+142.42%
8/18/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform	$110.00 ➝ $22.50	-5.46%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:49 AM ET.

SDIG Forecast - Frequently Asked Questions

What is Stronghold Digital Mining's forecast for 2024?: According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Stronghold Digital Mining is $6.83, with a high forecast of $8.50 and a low forecast of $5.00.
Should I buy or sell Stronghold Digital Mining stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Stronghold Digital Mining in the last year. There is currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SDIG shares.
Does Stronghold Digital Mining's stock price have much upside?: According to analysts, Stronghold Digital Mining's stock has a predicted upside of 80.94% based on their 12-month stock forecasts.
What analysts cover Stronghold Digital Mining?: Stronghold Digital Mining has been rated by research analysts at B. Riley in the past 90 days.
Do Wall Street analysts like Stronghold Digital Mining more than its competitors?: Analysts like Stronghold Digital Mining more than other "finance" companies. The consensus rating for Stronghold Digital Mining is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how SDIG compares to other companies.