H.C. Wainwright has adjusted its outlook on ClearSign Technologies (CLIR, Financial), with analyst Amit Dayal reducing the price target to $2 from the previous $6. Despite this downward revision, the firm maintains a Buy rating on the stock, indicating continued confidence in the company's potential.
The adjustment reflects a reassessment of ClearSign’s sales prospects in light of ongoing fluctuations in the broader economic landscape. Analysts have revised projections for 2025 and beyond, factoring in the uncertainties and challenges posed by the current macroeconomic environment.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for ClearSign Technologies Corp (CLIR, Financial) is $6.00 with a high estimate of $6.00 and a low estimate of $6.00. The average target implies an upside of 968.95% from the current price of $0.56. More detailed estimate data can be found on the ClearSign Technologies Corp (CLIR) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, ClearSign Technologies Corp's (CLIR, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for ClearSign Technologies Corp (CLIR, Financial) in one year is $3.69, suggesting a upside of 557.4% from the current price of $0.5613. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the ClearSign Technologies Corp (CLIR) Summary page.
