Cantor Fitzgerald Issues Pessimistic Forecast for Cipher Mining (NASDAQ:CIFR) Stock Price

Key Points

• Cantor Fitzgerald cut Cipher Mining’s price target from $19 to $15 while maintaining an “overweight” rating, implying roughly 119% upside from the stock’s $6.86 price.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and average price target of $27.18, despite several firms recently lowering their targets.
• Cipher Mining beat quarterly loss estimates with an adjusted loss of $0.22 per share, but revenue fell 62.8% year over year to $26.7 million and missed expectations; the company is beginning to generate HPC rental revenue as it shifts beyond Bitcoin mining.

Cipher Mining (NASDAQ:CIFR - Get Free Report) had its price objective lowered by investment analysts at Cantor Fitzgerald from $19.00 to $15.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Cantor Fitzgerald's target price would indicate a potential upside of 118.66% from the company's current price.

Several other research firms have also issued reports on CIFR. JPMorgan Chase & Co. cut their price target on shares of Cipher Mining from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Friday, August 7th. Chardan Capital reiterated a "buy" rating and issued a $32.00 price objective on shares of Cipher Mining in a report on Tuesday, August 4th. Rothschild & Co Redburn started coverage on Cipher Mining in a research note on Monday, September 21st. They issued a "neutral" rating and a $18.00 target price for the company. Citigroup restated a "market outperform" rating on shares of Cipher Mining in a report on Monday, August 10th. Finally, Morgan Stanley reduced their price target on Cipher Mining from $54.00 to $51.50 and set an "overweight" rating on the stock in a research report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Cipher Mining has a consensus rating of "Moderate Buy" and an average price target of $27.18.

Cipher Mining Stock Performance

Shares of CIFR opened at $6.86 on Tuesday. Cipher Mining has a 12-month low of $6.62 and a 12-month high of $30.14. The stock has a 50-day moving average price of $13.99 and a 200-day moving average price of $17.70. The company has a market cap of $2.85 billion, a PE ratio of -2.40 and a beta of 3.20. 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 (NASDAQ:CIFR - Get Free Report) last released its quarterly earnings results on Monday, November 2nd. The company reported ($0.22) earnings per share for the quarter, beating analysts' consensus estimates of ($0.25) by $0.03. The business had revenue of $26.70 million for the quarter, compared to the consensus estimate of $39.31 million. Cipher Mining had a negative return on equity of 156.28% and a negative net margin of 585.75%. The company's revenue for the quarter was down 62.8% on a year-over-year basis. During the same quarter last year, the business posted $0.10 earnings per share. As a group, equities analysts forecast that Cipher Mining will post -1.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cipher Mining

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP increased its holdings in Cipher Mining by 567.1% during the 2nd quarter. Wellington Management Group LLP now owns 3,985,806 shares of the company's stock valued at $97,652,000 after purchasing an additional 3,388,359 shares during the period. Janus Henderson Group PLC lifted its position in Cipher Mining by 1.9% during the first quarter. Janus Henderson Group PLC now owns 4,373,982 shares of the company's stock valued at $56,292,000 after buying an additional 81,192 shares during the period. Moore Capital Management LP purchased a new position in Cipher Mining during the second quarter valued at $35,077,000. Jennison Associates LLC boosted its holdings in shares of Cipher Mining by 48.7% during the 1st quarter. Jennison Associates LLC now owns 2,519,281 shares of the company's stock valued at $32,423,000 after buying an additional 824,618 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Cipher Mining during the 1st quarter valued at $24,486,000. 12.26% of the stock is owned by institutional investors.

Cipher Mining News Roundup

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

• Positive Sentiment: Cipher Mining reported a third-quarter loss of $0.22 per share, narrower than the consensus loss estimate of $0.25–$0.31. However, the result was still weaker than the $0.01-per-share loss reported a year earlier. Zacks earnings report
• Positive Sentiment: The company began generating HPC rental revenue, including approximately $5.9 million in the quarter, supporting its strategy to shift from Bitcoin mining toward data-center and AI infrastructure. Seeking Alpha characterized the earnings report as a loss beat with HPC operations starting up. Seeking Alpha earnings report
• Positive Sentiment: H.C. Wainwright said the selloff creates an attractive entry point, offering some support for the long-term HPC conversion thesis. H.C. Wainwright commentary
• Neutral Sentiment: Management emphasized that Cipher is not a traditional “neocloud” company, suggesting investors should evaluate it primarily as an infrastructure and data-center operator rather than a pure AI software or cloud provider. Yahoo Finance earnings reaction
• Negative Sentiment: Third-quarter revenue was $26.7 million, well below the $39.31 million analyst estimate and down 62.8% year over year. Bitcoin-mining revenue fell approximately 71%, while initial HPC rent replaced only a fraction of the lost revenue. 247 Wall St. earnings analysis
• Negative Sentiment: High leverage remains a major concern: approximately $5.6 billion of borrowings contributed to roughly $59 million in quarterly interest expense before the new data halls reach full rental capacity. Motley Fool earnings reaction
• Negative Sentiment: Keefe Bruyette reduced its price target to $11 from $28, reflecting a significant valuation reset after the revenue miss and uncertainty around the pace of the HPC transition. Keefe Bruyette price-target change

About Cipher Mining

Cipher Mining Inc NASDAQ: CIFR is a bitcoin mining company that develops and operates large-scale data center infrastructure in the United States. The company uses specialized application-specific integrated circuit (ASIC) computers to validate transactions on the Bitcoin network and earn bitcoin rewards.

Cipher focuses on securing access to cost-effective power, building and managing mining facilities, and deploying high-performance computing equipment. Its operations are supported by power infrastructure, cooling systems, networking equipment and other data center technologies required for energy-intensive digital asset mining.

The company was formed through the combination of Cipher Mining Technologies Inc and Good Works Acquisition Corp.

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