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Cipher Mining (CIFR) Stock Forecast & Price Target

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$4.15
-0.04 (-0.95%)
(As of 06/28/2024 ET)
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Cipher Mining - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 6 Analyst Ratings

Consensus Price Target

$6.25
50.60% Upside
High Forecast$9.00
Average Forecast$6.25
Low Forecast$5.00
TypeCurrent Forecast
7/1/23 to 6/30/24		1 Month Ago
6/1/23 to 5/31/24		3 Months Ago
4/2/23 to 4/1/24		1 Year Ago
7/1/22 to 7/1/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
6 Buy rating(s)
6 Buy rating(s)
5 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$6.25$5.50$5.25$3.60
Forecasted Upside50.60% Upside42.15% Upside33.11% Upside70.29% Upside

CIFR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CIFR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Cipher Mining Stock vs. The Competition

TypeCipher MiningBusiness Services CompaniesS&P 500
Consensus Rating Score
2.83
2.64
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside50.60% Upside145.28% Upside11.50% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/11/2024Cantor Fitzgerald
Subscribe to MarketBeat All Access for the recommendation accuracy rating		B. Knoblauch
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated CoverageOverweight ➝ Overweight$5.00 ➝ $9.00+115.31%
6/7/2024Needham & Company LLC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$5.00 ➝ $5.00+21.65%
6/6/2024HC Wainwright
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$5.50 ➝ $6.00+48.51%
5/8/2024Canaccord Genuity Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$5.50 ➝ $6.00+60.43%
10/11/2023JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageNeutral
9/15/2023BTIG Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageBuy$6.00+112.77%
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Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 03:11 PM ET.

CIFR Forecast - Frequently Asked Questions

What is Cipher Mining's stock forecast and purchase recommendation?

According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Cipher Mining is $6.25, with a high forecast of $9.00 and a low forecast of $5.00. The consensus rating for Cipher Mining stock is Moderate Buy based on the current 1 hold rating and 5 buy ratings for CIFR. Learn more on CIFR's analyst rating history.

Do Wall Street analysts like Cipher Mining more than its competitors?

Analysts like Cipher Mining more than other "business services" companies. The consensus rating score for Cipher Mining is 2.83 while the average consensus rating score for "business services" companies is 2.64. Learn more on how CIFR compares to other companies.

Does Cipher Mining's stock price have much upside?

According to analysts, Cipher Mining's stock has a predicted upside of 61.76% based on their 12-month stock forecasts.

What analysts cover Cipher Mining?

Cipher Mining has been rated by research analysts at Canaccord Genuity Group, Cantor Fitzgerald, HC Wainwright, and Needham & Company LLC in the past 90 days.


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This page (NASDAQ:CIFR) was last updated on 6/30/2024 by MarketBeat.com Staff

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