B. Riley lifts CleanSpark price target to $26 on HPC valuation
B. Riley increased its price target for CleanSpark (NASDAQ: CLSK) to $26 from $19, maintaining a Buy rating. This valuation is largely driven by CleanSpark's potential in AI/High-Performance Computing (HPC), specifically highlighting the value of its Sandersville, Georgia, lease and potential future leases in Texas. The target implies an 81.3% upside to CleanSpark's current share price.
Why it matters
Attributed market update with source link for portfolio context.