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Cipher Mining Inc has a consensus price target of $7.72 based on the ratings of 10 analysts. The high is $9 issued by BTIG on November 15, 2024. The low is $5 issued by Cantor Fitzgerald on April 1, 2024. The 3 most-recent analyst ratings were released by JP Morgan, Northland Capital Markets, and BTIG on December 10, 2024, December 4, 2024, and November 15, 2024, respectively. With an average price target of $8.5 between JP Morgan, Northland Capital Markets, and BTIG, there's an implied 55.68% upside for Cipher Mining Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Cipher Mining (NASDAQ:CIFR) was reported by JP Morgan on December 10, 2024. The analyst firm set a price target for $8.00 expecting CIFR to rise to within 12 months (a possible 46.52% upside). 34 analyst firms have reported ratings in the last year.
The latest analyst rating for Cipher Mining (NASDAQ:CIFR) was provided by JP Morgan, and Cipher Mining upgraded their overweight rating.
The last upgrade for Cipher Mining Inc happened on December 10, 2024 when JP Morgan raised their price target to $8. JP Morgan previously had a neutral for Cipher Mining Inc.
There is no last downgrade for Cipher Mining.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Cipher Mining, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Cipher Mining was filed on December 10, 2024 so you should expect the next rating to be made available sometime around December 10, 2025.
While ratings are subjective and will change, the latest Cipher Mining (CIFR) rating was a upgraded with a price target of $0.00 to $8.00. The current price Cipher Mining (CIFR) is trading at is $5.46, which is within the analyst’s predicted range.
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