Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Cipher Mining Inc. Market Cap
Based on ratings from 11 stock analysts, the Cipher Mining Inc. stock price is expected to increase by 18% in 12 months. This is calculated by using the average 12-month stock price forecast for Cipher Mining Inc.. The lowest target is $7 and the highest is $11. Please note analyst price targets are not guaranteed and could be missed completely.
Cipher Mining Inc. has a total of 11 Wall St Analyst ratings. There are 10 buy ratings, 1 ratings, and 0 sell ratings. Since most analysts have a buy consensus rating, the expectation is that Cipher Mining Inc. will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of CIFR.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Mike Grondahl Northland Capital Markets | Outperform | $8.5 | Maintains | Dec 4, 2024 |
| Gregory Lewis BTIG | Buy | $9 | Maintains | Nov 15, 2024 |
| Paul Golding Macquarie | Outperform | $7.25 | Maintains | Nov 7, 2024 |
| John Todaro Needham | Buy | $7.5 | Reiterates | Nov 1, 2024 |
| Mike Colonnese HC Wainwright & Co. | Buy | $7 | Reiterates | Nov 1, 2024 |
| Joseph Vafi Canaccord Genuity | Buy | $7 | Maintains | Nov 1, 2024 |
| Brett Knoblauch Cantor Fitzgerald | Overweight | $9 | Reiterates | Oct 3, 2024 |
| Mike Grondahl Northland Capital Markets | Outperform | $6 | Initiates | Sep 25, 2024 |
| Paul Golding Macquarie | Outperform | $6 | Initiates | Sep 24, 2024 |
| Brett Knoblauch Cantor Fitzgerald | Overweight | $9 | Reiterates | Sep 4, 2024 |
| Brett Knoblauch Cantor Fitzgerald | Overweight | $9 | Reiterates | Sep 3, 2024 |
| Joseph Vafi Canaccord Genuity | Buy | $7 | Maintains | Aug 29, 2024 |
| Joseph Vafi Canaccord Genuity | Buy | $7 | Maintains | Aug 21, 2024 |
| Chase White Compass Point | Buy | $9 | Maintains | Aug 15, 2024 |
| John Todaro Needham | Buy | $7.5 | Maintains | Aug 14, 2024 |
| Brett Knoblauch Cantor Fitzgerald | Overweight | $9 | Assumes | Jun 11, 2024 |
| John Todaro Needham | Buy | $5 | Reiterates | Jun 7, 2024 |
| Mike Colonnese HC Wainwright & Co. | Buy | $6 | Maintains | Jun 6, 2024 |
| John Todaro Needham | Buy | $5 | Reiterates | May 17, 2024 |
| Joseph Vafi Canaccord Genuity | Buy | $6 | Reiterates | May 8, 2024 |
When did it IPO
2020
Staff Count
35
Country
United States
Sector/Industry
Financial Services/Capital Markets
CEO
Mr. Rodney Tyler Page
Market Cap
$2.47B
In 2023, CIFR generated $126.8M in revenue, which was a increase of 4,076.56% from the previous year. This can be seen as a signal that CIFR's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Tue, 03 Dec 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Cipher Mining Inc. (NASDAQ:CIFR) has released its unaudited production and operations update for November 2024.
Why It Matters - Cipher Mining's production update can impact stock performance, indicating operational efficiency and market positioning, which directly influences investor sentiment and potential returns.
Fri, 22 Nov 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - Wall Street analysts' ratings significantly influence investor decisions on stocks, with media reports on rating changes often impacting stock prices.
Why It Matters - Analyst ratings can significantly influence stock prices, impacting investment decisions and market sentiment, which can lead to increased volatility and trading activity.
Tue, 29 Oct 2024
Sentiment - NEGATIVE
Source - Seeking Alpha
Summary - Cipher Mining stock has risen 67% since a December "buy" rating. Q3 may see revenue decline from rising mining costs, but a strategic Bitcoin approach supports liquidity.
Why It Matters - Cipher Mining's strategic moves and recent stock performance indicate potential resilience in a challenging market, despite anticipated revenue declines from rising costs.
Thu, 31 Oct 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - Cipher Mining (NASDAQ:CIFR) will hold its Q3 2024 earnings conference call on October 31, 2024, at 8:00 AM ET, featuring key executives and analysts from various firms.
Why It Matters - Cipher Mining's Q3 2024 earnings call will provide insights into its financial performance and strategic direction, impacting investor sentiment and stock valuation.
Thu, 31 Oct 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - Cipher Mining Inc. (CIFR) reported a quarterly loss of $0.26 per share, exceeding the Zacks Consensus Estimate of a $0.08 loss, and up from a loss of $0.07 per share a year earlier.
Why It Matters - Cipher Mining's larger-than-expected loss signals financial struggles, which may lead to decreased investor confidence and impact stock performance negatively.
Thu, 24 Oct 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Cipher Mining (CIFR) is expected to report earnings that may exceed estimates, driven by a favorable combination of key factors. Investors should prepare for the upcoming report.
Why It Matters - Cipher Mining's potential for an earnings beat could boost investor confidence, impacting stock price positively and suggesting strong operational performance ahead.
The information that Ticker Nerd provides is general in nature as it has been prepared without taking account of your objectives, financial situation or needs. It is not intended as legal, financial or investment advice and should not be construed or relied on as such. Ticker Nerd is for information purposes only. Ticker Nerd is not responsible for any damages or losses that may occur as a result of reliance on this information. Before making any commitment of a legal or financial nature you should seek advice from a qualified and registered legal practitioner or financial or investment adviser. All content, group, messaging, tweets, newsletter, article, and email created by Ticker Nerd is intended for educational and information purposes only, is not financial, investment, legal or tax advice, and is a restatement, summary or extract of other data and research reports that are widely distributed from sources such as, but not limited to, Bloomberg, Market Watch, Wall Street Journal, Google Finance, and Yahoo Finance. Ticker Nerd is not a registered financial, investment, legal or tax advisor and is not liable for any financial loss you may incur acting on any information provided by Ticker Nerd. By registering, you agree not to hold Ticker Nerd liable at any time or under any circumstances for your decisions, actions, or results.
