Technical Momentum Reaches Top Tier

According to Benzinga Edge, the CIFR‘s stock momentum score surged week-on-week to reach a near-perfect 98.89. This proprietary ranking evaluates a stock’s relative strength based on its price movement patterns and volatility across multiple timeframes, ranking it as a percentile relative to other stocks.

The technical surge is backed by staggering price action. Shares are up 663.90% over the past year, complemented by a 53.99% leap over the last month alone.

Benzinga Edge Stock Rankings‘ price trend indicators confirm this broad strength, signaling positive upward trends across the short-term, medium-term, and long-term.

Bernstein Projects 22% Upside On AI Pivot

On June 3, Bernstein SocGen Group initiated coverage on CIFR with an “Outperform” rating and a $32.00 price target, implying a projected 21.95% upside from the current level.

Bernstein highlights Cipher’s unique positioning to capitalize on explosive AI data center demand. The firm noted Cipher’s active multi-GW power development pipeline and a massive ~$24 billion order book backed by hyperscaler sponsorship.

Analysts emphasized that the company’s capital-light lease model will lead to a rapid AI-revenue ramp-up, allowing them to solve the critical “time to compute” bottleneck for major tech players.

With a planned 30 GW power portfolio and soaring market momentum, Cipher Digital is making a compelling case as the premier infrastructure play of 2026.

CIFR Stock Gains In 2026

CIFR shares have risen 77.78% year-to-date and 40.85% in the six months. Meanwhile, the Nasdaq Composite index was up 15.57% YTD.

It has traded in a 52-week range of $3.29 to $28.62. The stock was lower by 3.20% in premarket on Thursday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Image via Shutterstock