The company is listed on the London exchange and is in the process of a dual listing on the Nasdaq through a secondary U.S. IPO. Argo Blockchain’s London-listed shares have gained more than 420 percent in 2021 and 2,800 percent in the past 12 months. How high can Argo Blockchain go?
What is the upside for Argo blockchain?
According to analysts' consensus price target of $9.00, Argo Blockchain has a forecasted upside of 476.9% from its current price of $1.56. Argo Blockchain has only been the subject of 1 research reports in the past 90 days.
How high can Argo blockchain go?
The company plans to sell 7.5 million shares at $18.40 each in its U.S. IPO, raising $138 million. The Nasdaq-listed shares are expected to begin trading on Sep. 23 under the “ARBK” ticker symbol.
How will crypto price trends affect Argo stock?
Cryptocurrency price trends, particularly Bitcoin's, will have a significant impact on Argo stock. The flagship crypto currently trades above $45,000 and could rise more than 600 percent to $300,000 by 2025.