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Stronghold Digital Mining Inc has a consensus price target of $14.55 based on the ratings of 6 analysts. The high is $41 issued by Compass Point on March 8, 2022. The low is $2.25 issued by Cowen & Co. on August 18, 2022. The 3 most-recent analyst ratings were released by B. Riley Securities, HC Wainwright & Co., and B. Riley Securities on August 26, 2024, August 15, 2024, and July 12, 2024, respectively. With an average price target of $5 between B. Riley Securities, HC Wainwright & Co., and B. Riley Securities, there's an implied -8.26% downside for Stronghold Digital Mining Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Stronghold Digital Mining (NASDAQ:SDIG) was reported by B. Riley Securities on August 26, 2024. The analyst firm set a price target for $6.00 expecting SDIG to rise to within 12 months (a possible 10.09% upside). 7 analyst firms have reported ratings in the last year.
The latest analyst rating for Stronghold Digital Mining (NASDAQ:SDIG) was provided by B. Riley Securities, and Stronghold Digital Mining maintained their neutral rating.
The last upgrade for Stronghold Digital Mining Inc happened on February 8, 2023 when Compass Point raised their price target to $1. Compass Point previously had a neutral for Stronghold Digital Mining Inc.
The last downgrade for Stronghold Digital Mining Inc happened on August 22, 2024 when HC Wainwright & Co. changed their price target from N/A to N/A for Stronghold Digital Mining Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Stronghold Digital Mining, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Stronghold Digital Mining was filed on August 26, 2024 so you should expect the next rating to be made available sometime around August 26, 2025.
While ratings are subjective and will change, the latest Stronghold Digital Mining (SDIG) rating was a maintained with a price target of $5.00 to $6.00. The current price Stronghold Digital Mining (SDIG) is trading at is $5.45, which is within the analyst’s predicted range.
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