Cipher Mining (NASDAQ:CIFR – Get Rating)‘s stock had its “buy” rating reiterated by equities researchers at HC Wainwright in a report issued on Thursday, Benzinga reports. They currently have a $3.00 price target on the stock. HC Wainwright’s target price would indicate a potential upside of 29.31% from the company’s previous close.
Several other equities analysts have also commented on the stock. Cantor Fitzgerald assumed coverage on shares of Cipher Mining in a report on Monday, March 13th. They issued a “buy” rating and a $3.00 price objective on the stock. Needham & Company LLC assumed coverage on shares of Cipher Mining in a research note on Tuesday, February 21st. They set a “buy” rating and a $2.70 target price on the stock.
Cipher Mining Stock Performance
Shares of CIFR stock opened at $2.32 on Thursday. The firm’s 50 day moving average price is $1.48 and its 200-day moving average price is $1.19. Cipher Mining has a one year low of $0.38 and a one year high of $3.94. The firm has a market cap of $574.32 million, a P/E ratio of -14.50 and a beta of 2.09.
Institutional Investors Weigh In On Cipher Mining
Cipher Mining Company Profile
Cipher Mining Inc, a technology company, operates in the bitcoin mining ecosystem in the United States. It engages in developing and growing a cryptocurrency mining business that specializes in bitcoin. The company was incorporated in 2021 and is based in New York, New York.
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