The Analyst Verdict: Cipher Mining In The Eyes Of 10 Experts

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10 analysts have shared their evaluations of Cipher Mining CIFR during the recent three months, expressing a mix of bullish and bearish perspectives.

The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 8 2 0 0 0
Last 30D 1 0 0 0 0
1M Ago 4 0 0 0 0
2M Ago 1 0 0 0 0
3M Ago 2 2 0 0 0

Analysts have set 12-month price targets for Cipher Mining, revealing an average target of $5.3, a high estimate of $6.00, and a low estimate of $5.00. This current average has increased by 2.51% from the previous average price target of $5.17.

Deciphering Analyst Ratings: An In-Depth Analysis

In examining recent analyst actions, we gain insights into how financial experts perceive Cipher Mining. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Mike Colonnese HC Wainwright & Co. Raises Buy $6.00 $5.50
John Todaro Needham Maintains Buy $5.00 -
Joseph Vafi Canaccord Genuity Raises Buy $6.00 $5.50
John Todaro Needham Maintains Buy $5.00 -
Mike Colonnese HC Wainwright & Co. Raises Buy $5.50 $4.50
John Todaro Needham Maintains Buy $5.00 -
Josh Siegler Cantor Fitzgerald Maintains Overweight $5.00 -
Joseph Vafi Canaccord Genuity Maintains Buy $5.50 -
Josh Siegler Cantor Fitzgerald Maintains Overweight $5.00 -
John Todaro Needham Maintains Buy $5.00 -

Key Insights:

  • Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Cipher Mining. This insight gives a snapshot of analysts' perspectives on the current state of the company.
  • Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Cipher Mining compared to the broader market.
  • Price Targets: Understanding forecasts, analysts offer estimates for Cipher Mining's future value. Examining the current and prior targets provides insight into analysts' changing expectations.

Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Cipher Mining's market standing. Stay informed and make data-driven decisions with our Ratings Table.

Stay up to date on Cipher Mining analyst ratings.

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Delving into Cipher Mining's Background

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.

Financial Insights: Cipher Mining

Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.

Positive Revenue Trend: Examining Cipher Mining's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 119.85% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.

Net Margin: Cipher Mining's net margin is impressive, surpassing industry averages. With a net margin of 82.89%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): Cipher Mining's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 7.31% ROE, the company effectively utilizes shareholder equity capital.

Return on Assets (ROA): Cipher Mining's ROA stands out, surpassing industry averages. With an impressive ROA of 6.42%, the company demonstrates effective utilization of assets and strong financial performance.

Debt Management: Cipher Mining's debt-to-equity ratio is below the industry average at 0.03, reflecting a lower dependency on debt financing and a more conservative financial approach.

The Significance of Analyst Ratings Explained

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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