Cree Inc. Price Target Reduced to $65.00 by Morgan Stanley

CLEANSPARK (NASDAQ: CLSK) PRICE TARGET LOWERED TO $12.00 AT JPMORGAN CHASE CO

March 15, 2025 - In a research note issued earlier this morning, JPMorgan Chase Co. lowered their price target on CleanSpark (NASDAQ: CLSK) to $12.00, down from their previous target of $15.00.

The reduction in price target was attributed to the market research firm's revised estimates for the company's revenue and earnings growth. According to JPMorgan Chase Co., CleanSpark's revenue is expected to grow at a slower pace than previously anticipated, leading to a reduction in the company's overall valuation.

CleanSpark, a leading provider of energy storage solutions, has seen its stock price fluctuate significantly over the past year. The company's shares have fallen by over 30% in the past six months, and the price target reduction by JPMorgan Chase Co. is likely to add to the downward pressure on the stock.

Despite the reduction in price target, CleanSpark remains a popular stock among investors, with many analysts still optimistic about the company's long-term prospects. The company's energy storage solutions are seen as a key component in the transition to a low-carbon economy, and many believe that CleanSpark is well-positioned to benefit from this trend.

The new price target of $12.00 represents a potential upside of around 15% from CleanSpark's current stock price. However, investors should be cautious, as the stock's volatility and the company's reduced price target may lead to further declines in the short term.