Cipher Mining (NASDAQ:CIFR) Stock Gets Price Target Trim from Jefferies Financial Group

Cipher Mining (NASDAQ:CIFR) had its target price lowered by Jefferies Financial Group from $12.00 to $10.00 in a report issued on Tuesday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other equities analysts have also weighed in on the stock. Sanford C. Bernstein decreased their target price on shares of Cipher Mining from $32.00 to $23.00 and set an “outperform” rating on the stock in a report on Wednesday, November 4th. Citigroup reaffirmed a “market outperform” rating on shares of Cipher Mining in a research report on Monday, August 10th. Chardan Capital reiterated a “buy” rating and issued a $32.00 price objective on shares of Cipher Mining in a research report on Tuesday, August 4th. Needham & Company LLC lowered their price objective on Cipher Mining from $25.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, November 3rd. Finally, JPMorgan Chase & Co. reduced their target price on Cipher Mining from $22.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 3rd. Fifteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Cipher Mining presently has an average rating of “Moderate Buy” and an average price target of $21.38.

Cipher Mining Stock Performance

Shares of Cipher Mining stock opened at $7.15 on Tuesday. The business’s 50 day moving average price is $12.58 and its 200 day moving average price is $17.26. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 9.10. Cipher Mining has a one year low of $5.07 and a one year high of $30.14.

Cipher Mining (NASDAQ:CIFR) last issued its earnings results on Monday, November 2nd. The company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.03. Cipher Mining had a negative return on equity of 161.74% and a negative net margin of 742.33%. The business 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 company earned $0.10 EPS. The company’s revenue for the quarter was down 62.8% on a year-over-year basis. As a group, research analysts forecast that Cipher Mining will post -0.97 earnings per share for the current fiscal year.

Institutional Trading of Cipher Mining

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in shares of Cipher Mining by 567.1% in the 2nd quarter. Wellington Management Group LLP now owns 3,985,806 shares of the company’s stock valued at $97,652,000 after acquiring an additional 3,388,359 shares during the last quarter. Janus Henderson Group PLC increased its stake in Cipher Mining by 1.9% in the first quarter. Janus Henderson Group PLC now owns 4,373,982 shares of the company’s stock valued at $56,292,000 after purchasing an additional 81,192 shares during the last quarter. Moore Capital Management LP purchased a new position in Cipher Mining in the second quarter valued at approximately $35,077,000. Jennison Associates LLC raised its holdings in Cipher Mining by 48.7% during the first quarter. Jennison Associates LLC now owns 2,519,281 shares of the company’s stock worth $32,423,000 after purchasing an additional 824,618 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Cipher Mining during the first quarter worth approximately $24,486,000. Hedge funds and other institutional investors own 12.26% of the company’s stock.

Top Cipher Mining Stories

Here are a few of the latest stories about CIFR:

• Positive Sentiment: Cipher is pitching a 5.9-gigawatt high-performance computing pipeline, backed by hyperscaler agreements and on-site power capabilities. If converted into projects and revenue, this could help the company benefit from rising AI infrastructure demand. Cipher Digital Eyes 5.9 GW Pipeline: Can It Unlock Growth?
• Neutral Sentiment: Analyst revisions were mixed: Northland improved its FY2026 loss estimate, while HC Wainwright raised its FY2026 estimate but lowered several 2027 quarterly estimates and its FY2027 forecast. HC Wainwright maintained a Buy rating.
• Negative Sentiment: Jefferies and Morgan Stanley were reported to have issued pessimistic forecasts for CIFR. The provided reports do not include the specific price targets or reasoning, but bearish outlooks can weigh on sentiment. Jefferies forecast Morgan Stanley forecast

About Cipher Mining

Cipher Mining Inc. is a U.S.-based bitcoin mining company that develops and operates data centers designed to support large-scale mining operations. Its facilities house specialized computing equipment that helps process transactions and secure the Bitcoin network. The company’s operations and development activities are concentrated in the United States, including sites in Texas. Its work includes building and managing mining infrastructure and sourcing the energy and equipment needed to run its facilities.