Cipher Mining (NASDAQ:CIFR) Price Target Cut to $22.00 by Analysts at Needham & Company LLC

Cipher Mining (NASDAQ:CIFR) had its price objective lowered by Needham & Company LLC to $22.00 in a report published on Wednesday,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Several other equities analysts have also issued reports on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Cipher Mining from $13.00 to $22.00 and gave the company a “moderate buy” rating in a report on Tuesday, January 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cipher Mining in a report on Monday, December 29th. Morgan Stanley initiated coverage on Cipher Mining in a report on Monday, February 9th. They issued an “overweight” rating and a $38.00 price target for the company. Rosenblatt Securities raised their price target on Cipher Mining to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Finally, JPMorgan Chase & Co. upgraded Cipher Mining from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $12.00 to $18.00 in a research report on Monday, November 24th. Fourteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $24.46.

Cipher Mining Stock Down 3.0%

Cipher Mining stock opened at $16.61 on Wednesday. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of -7.69 and a beta of 2.95. The company’s 50 day simple moving average is $16.45 and its 200 day simple moving average is $15.10. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.49 and a quick ratio of 2.49. Cipher Mining has a fifty-two week low of $1.86 and a fifty-two week high of $25.52.

Insider Activity

In other news, Director Wesley Hastie Williams sold 49,867 shares of the company’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $16.08, for a total transaction of $801,861.36. Following the completion of the transaction, the director directly owned 158,145 shares of the company’s stock, valued at $2,542,971.60. This represents a 23.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Patrick Arthur Kelly sold 35,568 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $17.76, for a total value of $631,687.68. Following the transaction, the chief operating officer owned 1,512,644 shares of the company’s stock, valued at approximately $26,864,557.44. The trade was a 2.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 142,825 shares of company stock worth $2,319,720 over the last three months. Corporate insiders own 2.63% of the company’s stock.

Institutional Trading of Cipher Mining

A number of institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in Cipher Mining by 996.9% in the second quarter. JPMorgan Chase & Co. now owns 2,227,021 shares of the company’s stock valued at $10,645,000 after acquiring an additional 2,023,994 shares during the last quarter. Thames Capital Management LLC bought a new stake in shares of Cipher Mining in the 3rd quarter valued at about $19,070,000. Legal & General Group Plc lifted its stake in Cipher Mining by 33.4% in the 2nd quarter. Legal & General Group Plc now owns 298,446 shares of the company’s stock valued at $1,427,000 after purchasing an additional 74,744 shares during the last quarter. Soros Fund Management LLC lifted its stake in Cipher Mining by 67.5% in the 2nd quarter. Soros Fund Management LLC now owns 1,300,000 shares of the company’s stock valued at $6,214,000 after purchasing an additional 524,044 shares during the last quarter. Finally, Two Seas Capital LP bought a new position in Cipher Mining during the second quarter worth about $1,195,000. Institutional investors own 12.26% of the company’s stock.

Key Headlines Impacting Cipher Mining

Here are the key news stories impacting Cipher Mining this week:

• Positive Sentiment: Cipher’s management is pitching a long-term pivot to hyperscale/HPC leases and projects a material recurring cash-generation profile (a published plan that cites roughly $669M average annualized NOI through 2036), which supports a valuation case beyond volatile crypto-mining cycles. Article Title
• Positive Sentiment: Cipher sold its 49% stake in the West Texas mining venture to Canaan for $39.75M in stock — a transaction that reduces direct mining exposure, brings a strategic partner, and frees up assets/capital as the company shifts toward hyperscale infrastructure. Article Title
• Neutral Sentiment: Several analysts trimmed price targets but maintained “buy” ratings (HC Wainwright lowered to $25; Needham to $22). That signals continued institutional conviction in the retooling story, but reduced near-term upside expectations. Article Title Article Title
• Neutral Sentiment: Management hosted an earnings call and published a slide deck outlining the HPC pivot and next steps — useful for assessing execution risk but not an immediate earnings offset. Slide Deck
• Neutral Sentiment: Short-interest data in the feed shows 0 shares (likely a reporting anomaly); disregard as a real signal until exchanges confirm updated short data.
• Negative Sentiment: Q4 results materially missed expectations: GAAP net loss (~$734M) and EPS of about -$1.92 vs. consensus around -$0.12, with revenue roughly $59.7M versus estimates near $86M — these misses drove near-term downside as they highlight weak mining revenue and mark-to-market/one-time charges. Article Title
• Negative Sentiment: Revenue and EPS misses, plus negative margins and a large GAAP loss, increase execution and liquidity risk in the near term until hyperscale contracts and asset monetizations materialize. Article Title

About Cipher Mining

Cipher Mining Inc is a Nasdaq-listed bitcoin mining company that develops, owns and operates large-scale mining facilities across the United States. The company focuses on deploying advanced ASIC hardware and securing long-term low-cost power contracts to optimize bitcoin production. By strategically locating its sites in regions with abundant energy supply, Cipher Mining seeks to maintain a competitive cost structure and deliver efficient hashrate capacity growth.

Founded in 2021 and headquartered in Austin, Texas, Cipher Mining has pursued an integrated approach encompassing site development, equipment procurement and operations management.