12 Stocks That Will Double in 2025

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5. CleanSpark, Inc. (NASDAQ:CLSK)

Analyst Upside as of January 28, 2025: 145%

Number of Hedge Fund Holders: 16

CleanSpark, Inc. (NASDAQ:CLSK) is one of the stocks expected to double in 2025 with analysts posing an upside of 145% to its median price target of $25. The sustainable Bitcoin mining company owns and operates a solid portfolio of mining facilities across the United States. On January 6, the company reported that in the final week of 2024, CLSK increased its Bitcoin reserve, bringing the 2024 total to 7,025 BTC. In addition to that, in December the company sold 12.65 BTC, making up only 58% of the company’s average daily production. The sale brought in $12.3 million in proceeds.

On January 28, Mike Colonnese, an analyst from H.C. Wainwright, reiterated a buy rating on CleanSpark, Inc. (NASDAQ:CLSK) and maintained a price target of $27. The analyst gave a buy rating based on the company’s strategic position in Bitcoin mining. Colonnese suggested that the company’s strategy demonstrates resilience and growth with a focus on expanding to rural areas. He added that this coupled with CLSK’s experienced management makes it an emerging leader in the industry. The analyst is also happy with the company’s key metrics translating operational efficiency and sound financial performance.

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