Cipher Mining Stock (NASDAQ:CIFR), Analyst Ratings, Price Targets, Predictions

The latest price target for Cipher Mining (NASDAQ: CIFR) was reported by Canaccord Genuity on May 8, 2024. The analyst firm set a price target for $6.00 expecting CIFR to rise to within 12 months (a possible 46.34% upside). 29 analyst firms have reported ratings in the last year.

The latest analyst rating for Cipher Mining (NASDAQ: CIFR) was provided by Canaccord Genuity, and Cipher Mining reiterated 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 May 8, 2024 so you should expect the next rating to be made available sometime around May 8, 2025.

While ratings are subjective and will change, the latest Cipher Mining (CIFR) rating was a reiterated with a price target of $5.50 to $6.00. The current price Cipher Mining (CIFR) is trading at is $4.10, which is out of the analyst’s predicted range.