Cipher Mining Inc. (NASDAQ:CIFR) Stock Has Average Price Target of $28.72 According to Brokerages

Shares of Cipher Mining Inc. (NASDAQ:CIFR) have been assigned an average recommendation of “Moderate Buy” from the twenty-one research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, sixteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $28.72.

Several analysts have issued reports on the stock. Morgan Stanley lowered their target price on shares of Cipher Mining from $54.00 to $51.50 and set an “overweight” rating on the stock in a research note on Monday. UBS Group initiated coverage on shares of Cipher Mining in a research report on Wednesday, September 23rd. They set a “buy” rating and a $23.00 price target for the company. JPMorgan Chase & Co. decreased their price target on shares of Cipher Mining from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cipher Mining in a report on Monday, September 21st. Finally, BTIG Research increased their price objective on Cipher Mining from $25.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th.

Hedge Funds Weigh In On Cipher Mining

Institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its holdings in shares of Cipher Mining by 567.1% during the second quarter. Wellington Management Group LLP now owns 3,985,806 shares of the company’s stock worth $97,652,000 after purchasing an additional 3,388,359 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Cipher Mining by 1.9% in the first quarter. Janus Henderson Group PLC now owns 4,373,982 shares of the company’s stock worth $56,292,000 after purchasing an additional 81,192 shares during the last quarter. Moore Capital Management LP purchased a new stake in Cipher Mining in the second quarter valued at approximately $35,077,000. Graham Capital Management L.P. purchased a new stake in Cipher Mining in the fourth quarter valued at approximately $33,329,000. Finally, Jennison Associates LLC raised its stake in Cipher Mining by 48.7% in the first quarter. Jennison Associates LLC now owns 2,519,281 shares of the company’s stock valued at $32,423,000 after purchasing an additional 824,618 shares in the last quarter. 12.26% of the stock is currently owned by institutional investors.

Cipher Mining Price Performance

CIFR stock opened at $11.34 on Wednesday. The firm has a 50 day moving average of $16.43 and a 200-day moving average of $19.33. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 9.69. Cipher Mining has a 12 month low of $10.68 and a 12 month high of $30.14. The firm has a market capitalization of $4.71 billion, a P/E ratio of -3.97 and a beta of 3.20.

Cipher Mining (NASDAQ:CIFR) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.40). The firm had revenue of $24.84 million for 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 firm posted ($0.12) EPS. As a group, sell-side analysts predict that Cipher Mining will post -1.36 earnings per share for the current fiscal year.

Cipher Mining News Roundup

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

• Positive Sentiment: Morgan Stanley maintained an Overweight rating while lowering its price target from $54.00 to $51.50. The target implies substantial upside from recent levels, though it predates the latest financing announcement. Cipher Digital Stock Falls After Proposing $850 Million in Notes
• Neutral Sentiment: Options activity was unusually active, with traders purchasing approximately 161,435 call contracts—about 29% above typical call volume. This may indicate speculative bullish interest, but it does not change the company’s underlying financing or dilution outlook. Stocks Seeing Notable Price Action Today
• Negative Sentiment: Cipher Mining proposed a private offering of $850 million of 0.00% convertible senior notes due 2032, with an option for initial purchasers to buy an additional $150 million. The notes could ultimately convert into shares, creating potential dilution and pressuring the stock. Stock Market Today: Cipher Digital Drops on Convertible Note Offering
• Negative Sentiment: The company also plans to exchange a portion of its existing 2030 convertible notes, adding to investor uncertainty around its capital structure. While the funds are intended to support data-center development and hyperscale customers, investors focused first on possible future share issuance and the company’s high financing needs. Cipher Digital Shares Slump on Convertible Note Sale

About Cipher Mining

Cipher Mining Inc is a digital asset mining company focused on developing and operating infrastructure for Bitcoin mining in the United States. The company runs large-scale data centers equipped with specialized application-specific integrated circuit (ASIC) machines that process transactions and secure the Bitcoin network.

In addition to mining Bitcoin, Cipher Mining develops and manages the supporting infrastructure required for its operations, including power procurement, electrical systems, cooling, site development and data center management.