The Analyst Landscape: 11 Takes On Cipher Mining

Throughout the last three months, 11 analysts have evaluated Cipher Mining CIFR, offering a diverse set of opinions from bullish to bearish.

Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.

In the assessment of 12-month price targets, analysts unveil insights for Cipher Mining, presenting an average target of $7.64, a high estimate of $9.00, and a low estimate of $6.00. This upward trend is apparent, with the current average reflecting a 2.69% increase from the previous average price target of $7.44.

Deciphering Analyst Ratings: An In-Depth Analysis

The standing of Cipher Mining among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Cipher Mining. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Cipher Mining compared to the broader market.
• Price Targets: Delving into movements, analysts provide estimates for the future value of Cipher Mining's stock. This analysis reveals shifts in analysts' expectations over time.

Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Cipher Mining's market standing. Stay informed and make well-considered decisions with our Ratings Table.

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Get to Know Cipher Mining Better

Cipher Mining Inc ia an emerging technology company that operates in the Bitcoin mining ecosystem in the United States. The company is developing a cryptocurrency mining business, specializing in Bitcoin. The company is expanding and strengthening the Bitcoin network's critical infrastructure in the United States.

Unraveling the Financial Story of Cipher Mining

Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.

Revenue Growth: Cipher Mining displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 17.88%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.

Net Margin: Cipher Mining's net margin excels beyond industry benchmarks, reaching -41.54%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): Cipher Mining's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of -2.37%, the company showcases efficient use of equity capital and strong financial health.

Return on Assets (ROA): Cipher Mining's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of -2.11%, the company showcases efficient use of assets and strong financial health.

Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.03.

The Core of Analyst Ratings: What Every Investor Should Know

Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.