Analysts at financial services firm HC Wainwright and Jefferies lowered their price forecasts for Argo Blockchain following its results, CoinDesk reported. HC Wainwright's Kevin Dede continued to rate Argo a Buy but lowered his price target to $8 from $14; Jefferies' Jonathan Peterson and Amanda Santillo cut their price target to $13 from $20 while maintaining their Buy ratings. HC Wainwright slashed Argo's revenue forecast nearly 50% to $84.3 million from $135.5 million, and Jefferies' Peterson/Santillo slashed its revenue forecast nearly 50% to $76.8 million from $145.6 million. Foresight News previously reported that Argo lowered its 2022 hash rate forecast from 5.5 EH/s to 3.2 EH/s, citing delays in the delivery and deployment of Intel (INTC) Blockscale ASIC chips.