Is Argo Blockchain Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 3 Wall Street analysts covering (NASDAQ: ARBK) stock is to Buy ARBK stock.
Out of 3 analysts, 1 (33.33%) are recommending ARBK as a Strong Buy, 1 (33.33%) are recommending ARBK as a Buy, 1 (33.33%) are recommending ARBK as a Hold, 0 (0%) are recommending ARBK as a Sell, and 0 (0%) are recommending ARBK as a Strong Sell.
What is ARBK's forecast return on equity (ROE) for 2023-2025?
(NASDAQ: ARBK) forecast ROE is 29,712.47%, which is considered strong.
What is ARBK's Price Target?
According to 3 Wall Street analysts that have issued a 1 year ARBK price target, the average ARBK price target is $2.23, with the highest ARBK stock price forecast at $2.75 and the lowest ARBK stock price forecast at $1.45.
On average, Wall Street analysts predict that Argo Blockchain's share price could reach $2.23 by Aug 30, 2024. The average Argo Blockchain stock price prediction forecasts a potential upside of 114.71% from the current ARBK share price of $1.04.
What is ARBK's forecast return on assets (ROA) for 2023-2025?
(NASDAQ: ARBK) forecast ROA is 1,645.84%, which is higher than the forecast US Capital Markets industry average of 3.97%.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.