Compass Point analyst Chase White reiterated a Buy rating on Argo Blockchain (ARBK – Research Report) today and set a price target of $2.50. The company’s shares closed yesterday at $1.10.
According to TipRanks, White is an analyst with an average return of -12.2% and a 28.30% success rate. White covers the Financial sector, focusing on stocks such as Argo Blockchain, TeraWulf Inc, and Bitfarms.
Currently, the analyst consensus on Argo Blockchain is a Moderate Buy with an average price target of $2.50, which is a 127.27% upside from current levels. In a report released today, H.C. Wainwright also reiterated a Buy rating on the stock with a $2.50 price target.
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The company has a one-year high of $3.20 and a one-year low of $0.36. Currently, Argo Blockchain has an average volume of 175.7K.
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Argo Blockchain (ARBK) Company Description:
Argo Blockchain PLC is a cloud-based crypto mining company. The company’s service provides access to mining rigs, which perform the complex crypto-mining operations for its users and then directly deposit all coins mined into users’ digital wallets.
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