Cipher Mining (CIFR) Stock Forecast & Price Target

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$3.84

+0.16 (+4.35%)

(As of 04/19/2024 ET)

Cipher Mining Consensus Analyst Rating 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.

Analysts' Consensus Rating

Moderate Buy
Based on 7 Analyst Ratings

Analysts' Consensus Price Target

$5.25
36.72% Upside

High Forecast	$6.00
Average Forecast	$5.25
Low Forecast	$4.50

Type	Current Forecast 4/20/23 to 4/19/24	1 Month Ago 3/21/23 to 3/20/24	3 Months Ago 1/20/23 to 1/20/24	1 Year Ago 4/20/22 to 4/20/23
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	6 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	3 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	$5.25	$5.25	$5.42	$3.33
Predicted Upside	36.72% Upside	59.13% Upside	55.02% Upside	62.87% Upside

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CIFR Analyst Ratings 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.

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.

Cipher Mining Stock vs. The Competition

Type	Cipher Mining	Business Services Companies	S&P 500
Consensus Rating Score	2.86	2.63	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	37.80% Upside	445.85% Upside	11.71% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
3/28/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$5.50	+8.05%
3/28/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$5.00	-4.40%
3/18/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$5.00	+25.31%
3/5/2024	HC Wainwright Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$4.50	+50.00%
10/11/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral
9/15/2023	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$6.00	+112.77%
Get the Latest News and Ratings for CIFR and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Cipher Mining and its competitors with MarketBeat's FREE daily newsletter.
7/20/2023	Compass Point Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$4.00 ➝ $5.50	+16.53%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 07:01 PM ET.

CIFR Price Target - Frequently Asked Questions

What is Cipher Mining's consensus rating and price target?: According to the issued ratings of 7 analysts in the last year, the consensus rating for Cipher Mining stock is Moderate Buy based on the current 1 hold rating and 6 buy ratings for CIFR. The average twelve-month price prediction for Cipher Mining is $5.25 with a high price target of $6.00 and a low price target of $4.50. 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 2.86 while the average consensus rating score for business services companies is 2.63. 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 33.11% based on their 12-month stock forecasts.

What analysts cover Cipher Mining?: Cipher Mining has been rated by 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 4/19/2024 by MarketBeat.com Staff

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Cipher Mining (CIFR) Stock Forecast & Price Target

Cipher Mining Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

CIFR Analyst Ratings By Month

CIFR Price Targets by Month

Cipher Mining Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

CIFR Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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