Across the recent three months, 8 analysts have shared their insights on Cipher Mining CIFR, expressing a variety of opinions spanning 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.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 2 | 0 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 4 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 2 | 1 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Cipher Mining, presenting an average target of $7.44, a high estimate of $9.00, and a low estimate of $5.00. This upward trend is apparent, with the current average reflecting a 19.04% increase from the previous average price target of $6.25.
Decoding Analyst Ratings: A Detailed Look
The analysis of recent analyst actions sheds light on the perception of Cipher Mining by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Brett Knoblauch | Cantor Fitzgerald | Maintains | Overweight | $9.00 | $9.00 |
| Joseph Vafi | Canaccord Genuity | Maintains | Buy | $7.00 | $7.00 |
| Joseph Vafi | Canaccord Genuity | Raises | Buy | $7.00 | $6.00 |
| Chase White | Compass Point | Raises | Buy | $9.00 | $7.50 |
| John Todaro | Needham | Raises | Buy | $7.50 | $5.00 |
| Brett Knoblauch | Cantor Fitzgerald | Raises | Overweight | $9.00 | $5.00 |
| John Todaro | Needham | Maintains | Buy | $5.00 | $5.00 |
| Mike Colonnese | HC Wainwright & Co. | Raises | Buy | $6.00 | $5.50 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Cipher Mining. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Cipher Mining compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Cipher Mining's stock. This examination 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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About Cipher Mining
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.
Cipher Mining: Financial Performance Dissected
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Cipher Mining showcased positive performance, achieving a revenue growth rate of 17.88% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Cipher Mining's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -41.54% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Cipher Mining's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -2.37% ROE, the company effectively utilizes shareholder equity capital.
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: Cipher Mining's debt-to-equity ratio is below the industry average. With a ratio of 0.03, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Significance of Analyst Ratings Explained
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 will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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