Brokerages Set Cipher Mining Inc. (NASDAQ:CIFR) Target Price at $28.74

Cipher Mining Inc. (NASDAQ:CIFR) has received an average rating of “Moderate Buy” from the nineteen analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, sixteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $28.2941.

A number of research firms recently commented on CIFR. Cantor Fitzgerald dropped their price target on shares of Cipher Mining from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. HC Wainwright increased their price objective on shares of Cipher Mining from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Jefferies Financial Group started coverage on shares of Cipher Mining in a research note on Thursday, May 14th. They issued a “buy” rating and a $32.00 price objective for the company. Sanford C. Bernstein assumed coverage on Cipher Mining in a research report on Wednesday, June 3rd. They set an “outperform” rating and a $32.00 target price for the company. Finally, Keefe, Bruyette & Woods cut their target price on Cipher Mining from $32.00 to $28.00 and set an “outperform” rating on the stock in a research note on Thursday.

Cipher Mining Stock Down 2.7%

NASDAQ CIFR opened at $18.21 on Friday. The company has a quick ratio of 3.13, a current ratio of 3.00 and a debt-to-equity ratio of 9.69. Cipher Mining has a 52 week low of $4.55 and a 52 week high of $30.14. The firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of -6.37 and a beta of 3.20. The company has a fifty day moving average of $23.08 and a two-hundred day moving average of $19.14.

Cipher Mining (NASDAQ:CIFR) last announced its earnings results on Tuesday, August 4th. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.40). The firm had revenue of $24.84 million during the quarter, compared to analysts’ expectations of $31.86 million. Cipher Mining had a negative net margin of 585.75% and a negative return on equity of 156.28%. During the same period in the prior year, the company posted ($0.12) EPS. On average, analysts predict that Cipher Mining will post -0.79 earnings per share for the current year.

Insider Activity at Cipher Mining

In other Cipher Mining news, major shareholder Holding Ltd V3 sold 1,800,000 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $26.62, for a total value of $47,916,000.00. Following the sale, the insider owned 59,516,694 shares in the company, valued at $1,584,334,394.28. This trade represents a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Patrick Arthur Kelly sold 48,000 shares of Cipher Mining stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $19.36, for a total value of $929,280.00. Following the sale, the chief operating officer owned 1,451,856 shares of the company’s stock, valued at approximately $28,107,932.16. This trade represents a 3.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,197,167 shares of company stock worth $82,740,496 over the last quarter. 3.09% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CIFR. Vanguard Group Inc. grew its stake in Cipher Mining by 43.2% in the 4th quarter. Vanguard Group Inc. now owns 32,680,186 shares of the company’s stock worth $482,360,000 after acquiring an additional 9,865,533 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in shares of Cipher Mining during the third quarter valued at approximately $70,524,000. Situational Awareness LP raised its stake in shares of Cipher Mining by 82.4% during the fourth quarter. Situational Awareness LP now owns 10,469,093 shares of the company’s stock valued at $154,524,000 after acquiring an additional 4,728,600 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Cipher Mining by 3,718.3% in the fourth quarter. Janus Henderson Group PLC now owns 4,292,790 shares of the company’s stock valued at $63,359,000 after purchasing an additional 4,180,362 shares during the period. Finally, Millennium Management LLC purchased a new stake in shares of Cipher Mining in the first quarter valued at approximately $9,316,000. Hedge funds and other institutional investors own 12.26% of the company’s stock.

Cipher Mining News Summary

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

• Positive Sentiment: Keefe, Bruyette & Woods maintained an “Outperform” rating while lowering its price target from $32 to $28. The new target still implies substantial upside from the reference price, signaling continued confidence in Cipher’s longer-term prospects. Benzinga analyst price target update
• Positive Sentiment: Chardan Capital reiterated its Buy rating, while Rosenblatt Securities also reaffirmed its Buy rating with a $30 target. These endorsements suggest that several analysts view the post-earnings weakness as temporary or already reflected in the valuation. Chardan reiterates Buy rating Rosenblatt reaffirms Buy rating
• Positive Sentiment: Recent commentary highlights Cipher’s potential AI and HPC ramp, including project-financed buildouts that could expand its growth opportunity. An options-trading report also indicated unusually large call-option purchases, suggesting some traders are positioning for a rebound. Cipher Digital AI ramp analysis Cipher Mining call-option activity
• Neutral Sentiment: Brokerages’ average price target was reported at approximately $28.74, but targets remain subject to revisions as Cipher executes its AI/HPC strategy and manages financing requirements. Cipher Mining brokerage price targets
• Negative Sentiment: Cipher’s quarterly results missed expectations: adjusted loss per share was materially wider than forecast and revenue came in below consensus. The disappointing results triggered a post-earnings decline and remain the main near-term factor weighing on CIFR. Cipher Mining shares gap down after weak earnings

Cipher Mining Company Profile

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.