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Cipher Mining Inc has a consensus price target of $7.42 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 BTIG, Macquarie, and Canaccord Genuity on November 15, 2024, November 7, 2024, and November 1, 2024, respectively. With an average price target of $7.75 between BTIG, Macquarie, and Canaccord Genuity, there's an implied 13.98% 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 BTIG on November 15, 2024. The analyst firm set a price target for $9.00 expecting CIFR to rise to within 12 months (a possible 32.37% upside). 35 analyst firms have reported ratings in the last year.
The latest analyst rating for Cipher Mining (NASDAQ:CIFR) was provided by BTIG, and Cipher Mining maintained their buy rating.
The last upgrade for Cipher Mining Inc happened on February 7, 2023 when HC Wainwright & Co. raised their price target to $3. HC Wainwright & Co. 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 November 15, 2024 so you should expect the next rating to be made available sometime around November 15, 2025.
While ratings are subjective and will change, the latest Cipher Mining (CIFR) rating was a maintained with a price target of $6.00 to $9.00. The current price Cipher Mining (CIFR) is trading at is $6.80, which is within the analyst’s predicted range.
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