Cipher Mining (NASDAQ:CIFR) Stock Price Target Cut by Morgan Stanley

Cipher Mining (NASDAQ:CIFR) had its price objective cut by analysts at Morgan Stanley from $54.00 to $51.50 in a research note issued on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 354.14% from the company’s previous close.

Several other brokerages have also recently commented on CIFR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cipher Mining in a research report on Monday, September 21st. JPMorgan Chase & Co. lowered their price target on Cipher Mining from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. Wells Fargo & Company began coverage on Cipher Mining in a research report on Thursday, September 17th. They set an “overweight” rating and a $25.00 price target on the stock. Citigroup reissued a “market outperform” rating on shares of Cipher Mining in a research note on Monday, August 10th. Finally, Chardan Capital restated a “buy” rating and set a $32.00 price objective on shares of Cipher Mining in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.72.

Cipher Mining Stock Performance

Shares of NASDAQ:CIFR opened at $11.34 on Monday. The firm has a 50 day simple moving average of $16.43 and a 200 day simple moving average of $19.33. Cipher Mining has a 52 week low of $10.68 and a 52 week high of $30.14. The company has a debt-to-equity ratio of 9.69, a quick ratio of 3.00 and a current ratio of 3.00.

Cipher Mining (NASDAQ:CIFR) last posted its quarterly earnings data 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). Cipher Mining had a negative return on equity of 156.28% and a negative net margin of 585.75%. The firm had revenue of $24.84 million for the quarter, compared to analysts’ expectations of $31.86 million. During the same quarter in the previous year, the firm posted ($0.12) earnings per share. Research analysts forecast that Cipher Mining will post -1.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Cipher Mining

A number of hedge funds have recently modified their holdings of CIFR. Bank of America Corp DE increased its stake in shares of Cipher Mining by 237.7% during the 1st quarter. Bank of America Corp DE now owns 1,414,667 shares of the company’s stock worth $18,207,000 after purchasing an additional 995,735 shares during the last quarter. Moore Capital Management LP acquired a new stake in shares of Cipher Mining in the 2nd quarter valued at $35,077,000. Wellington Management Group LLP increased its position in 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 buying an additional 3,388,359 shares during the last quarter. Purpose Unlimited Inc. acquired a new position in Cipher Mining during the fourth quarter worth $1,558,000. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in Cipher Mining during the first quarter valued at about $2,188,000. 12.26% of the stock is owned by institutional investors and hedge funds.

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.