CleanSpark stock price target raised to $26 by Cantor Fitzgerald on strong growth

Investing.com - Cantor Fitzgerald has raised its price target on CleanSpark Inc. (NASDAQ:CLSK) to $26.00 from $25.00 while maintaining an Overweight rating on the bitcoin mining company. With a market capitalization of $2.81 billion and a beta of 3.73, InvestingPro data shows the stock has demonstrated significant volatility but maintains strong financial health metrics.

The price target increase follows CleanSpark’s third consecutive quarter of record-setting revenue, with the company reporting $198.6 million in revenue for the quarter, representing a 90.8% year-over-year increase. This aligns with InvestingPro data showing impressive revenue growth of 89.47% over the last twelve months, with analysts forecasting continued growth ahead.

CleanSpark achieved its target of 50 EH/s (exahash per second) of mining capacity in June and plans to add another 10 EH/s in the "near future" with miners already secured for this expansion.

The company reported adjusted EBITDA of $109 million for the quarter (excluding change in fair value of Bitcoin), up from $70 million in the second quarter of 2025, while year-to-date adjusted EBITDA has reached $282 million against $240 million in depreciation and amortization.

Cantor Fitzgerald expects CleanSpark to deliver another quarter of record revenue and adjusted EBITDA in the fourth quarter of 2025, noting that the company is one of the few bitcoin miners to achieve positive adjusted EBIT.

In other recent news, CleanSpark Inc. reported its fiscal third-quarter earnings for 2025, showcasing a significant performance with earnings per share (EPS) of $0.78, which greatly exceeded the forecasted $0.16. The company’s revenue reached $199 million, slightly surpassing the expected $195.75 million. These results highlight a strong quarter for CleanSpark, reflecting its operational efficiency and market strategy. The earnings beat suggests positive momentum and could influence investor sentiment. Analysts had projected lower earnings, making this outcome noteworthy. CleanSpark’s performance in this quarter may attract further attention from investors and analysts alike. These recent developments emphasize CleanSpark’s ability to exceed market expectations.

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