Cipher Mining (NASDAQ:CIFR) Price Target Cut to $19.00 by Analysts at Rosenblatt Securities

Key Points

• Rosenblatt Securities cut Cipher Mining’s price target from $30 to $19 while maintaining a “buy” rating; the new target implies roughly 177% upside from the stock’s $6.86 price.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and average price target of $27.18, although other firms have also reduced their targets amid concerns about the company’s outlook.
• 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, missing forecasts. The company is beginning to generate high-performance-computing rental revenue, though heavy leverage and uncertainty around the pace of its HPC transition remain key risks.

Cipher Mining (NASDAQ:CIFR - Get Free Report) had its price objective dropped by research analysts at Rosenblatt Securities from $30.00 to $19.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a "buy" rating on the stock. Rosenblatt Securities's price target would suggest a potential upside of 176.97% from the company's current price.

A number of other equities research analysts also recently issued reports on CIFR. Chardan Capital restated a "buy" rating and issued a $32.00 target price on shares of Cipher Mining in a report on Tuesday, August 4th. UBS Group reaffirmed an "overweight" rating on shares of Cipher Mining in a research note on Tuesday. Weiss Ratings reiterated a "sell (d-)" rating on shares of Cipher Mining in a report on Monday, September 21st. Cantor Fitzgerald lowered their price objective on shares of Cipher Mining from $28.00 to $19.00 and set an "overweight" rating for the company in a research note on Friday, October 16th. Finally, Citigroup reissued a "market outperform" rating on shares of Cipher Mining in a research note on Monday, August 10th. One equities research 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.18.

Cipher Mining Trading Down 5.9%

Shares of Cipher Mining stock opened at $6.86 on Tuesday. Cipher Mining has a 1 year low of $6.62 and a 1 year high of $30.14. The company has a debt-to-equity ratio of 9.69, a current ratio of 3.00 and a quick ratio of 3.00. The business 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 capitalization of $2.85 billion, a P/E ratio of -2.40 and a beta of 3.20.

Cipher Mining (NASDAQ:CIFR - Get Free Report) last released its earnings results on Monday, November 2nd. The company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.25) by $0.03. Cipher Mining had a negative net margin of 585.75% and a negative return on equity of 156.28%. The company had revenue of $26.70 million for the quarter, compared to analyst estimates of $39.31 million. During the same period in the prior year, the firm earned $0.10 EPS. The firm's quarterly revenue was down 62.8% on a year-over-year basis. Sell-side analysts anticipate that Cipher Mining will post -1.36 EPS for the current fiscal year.

Institutional Trading of Cipher Mining

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC lifted its stake 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 acquiring an additional 81,192 shares in the last quarter. Wellington Management Group LLP grew its stake 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 in the last quarter. Jennison Associates LLC grew its stake in 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 purchasing an additional 824,618 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Cipher Mining during the 1st quarter worth approximately $24,486,000. Finally, Moore Capital Management LP purchased a new stake in Cipher Mining during the 2nd quarter worth approximately $35,077,000. 12.26% of the stock is owned by hedge funds and other institutional investors.

Cipher Mining News Summary

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

Cipher Mining Company Profile

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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