Cipher Mining (NASDAQ:CIFR) Stock Gets Price Target Cut from Sanford C. Bernstein

Cipher Mining (NASDAQ:CIFR) had its target price decreased by investment analysts at Sanford C. Bernstein from $32.00 to $23.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Sanford C. Bernstein‘s price objective would indicate a potential upside of 253.85% from the stock’s current price.

Other analysts have also issued research reports about the company. Needham & Company LLC decreased their price objective on Cipher Mining from $25.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday. Freedom Capital raised shares of Cipher Mining to a “hold” rating in a research report on Friday, September 18th. HC Wainwright reaffirmed a “buy” rating on shares of Cipher Mining in a report on Monday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cipher Mining in a research report on Monday, September 21st. Finally, UBS Group reiterated an “overweight” rating and set a $18.00 price target on shares of Cipher Mining in a research note on Tuesday. Fifteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Cipher Mining currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.25.

Cipher Mining Stock Performance

Shares of Cipher Mining stock opened at $6.50 on Wednesday. Cipher Mining has a 52-week low of $6.18 and a 52-week high of $30.14. The firm’s 50 day moving average price is $13.65 and its 200-day moving average price is $17.59. The company has a quick ratio of 3.00, a current ratio of 1.69 and a debt-to-equity ratio of 9.10.

Cipher Mining (NASDAQ:CIFR) last announced its earnings results on Monday, November 2nd. The company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.03. Cipher Mining had a negative net margin of 742.33% and a negative return on equity of 161.74%. The company had revenue of $26.70 million during the quarter, compared to the consensus estimate of $39.31 million. During the same period last year, the firm earned $0.10 earnings per share. Cipher Mining’s revenue was down 62.8% compared to the same quarter last year. As a group, sell-side analysts predict that Cipher Mining will post -1.36 EPS for the current year.

Institutional Investors Weigh In On Cipher Mining

Several hedge funds have recently added to or reduced their stakes in CIFR. Fulcrum Asset Management LLP lifted its holdings in shares of Cipher Mining by 257.6% in the 3rd quarter. Fulcrum Asset Management LLP now owns 68,861 shares of the company’s stock valued at $1,137,000 after buying an additional 49,605 shares during the period. Allspring Global Investments Holdings LLC raised its position in Cipher Mining by 17.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 203,586 shares of the company’s stock valued at $3,147,000 after acquiring an additional 30,832 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in Cipher Mining by 5.8% in the third quarter. Pictet Asset Management Holding SA now owns 61,804 shares of the company’s stock valued at $978,000 after acquiring an additional 3,365 shares during the period. CenterBook Partners LP purchased a new stake in Cipher Mining in the 3rd quarter worth approximately $691,000. Finally, Kestra Advisory Services LLC grew its stake in shares of Cipher Mining by 5.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 88,548 shares of the company’s stock worth $1,401,000 after purchasing an additional 4,510 shares during the period. 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: Coverage described Cipher’s quarterly results as strong, and its shares climbed after the report. The company’s loss per share was narrower than analysts expected, although revenue fell short of estimates and declined substantially year over year. Cipher Mining shares climb following earnings
• Positive Sentiment: Cipher has begun recording revenue from an HPC lease, while its Barber Lake expansion and development pipeline point to a growing AI-infrastructure business. These contracts could help offset the longer-term shift away from Bitcoin mining, though delivery and financing remain important. Cipher books first HPC lease revenue
• Neutral Sentiment: The reports highlight a large contracted-revenue base and a substantial power-development pipeline, but these are forward-looking opportunities rather than proof that projects will be completed on schedule or generate expected returns. Q3 earnings call highlights
• Negative Sentiment: Several firms lowered price targets, and Keefe, Bruyette & Woods cut its rating from “outperform” to “market perform,” setting a $9.50 target. The revisions signal reduced expectations after CIFR’s sharp decline, even though some firms retained positive ratings. KBW cuts Cipher Mining rating
• Negative Sentiment: Investors remain concerned that AI-data-center projects require heavy capital and could be delayed by tighter regulation. Sector-wide financing worries have also hurt CIFR, including after its convertible-debt offering. Regulatory concerns pressure Cipher stock

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.