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Demystifying Cipher Mining: Insights From 12 Analyst Reviews
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Demystifying Cipher Mining: Insights From 12 Analyst Reviews
May 8, 2024 6:37 AM

Cipher Mining ( CIFR ) has been analyzed by 12 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.

The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 9 3 0 0 0
Last 30D 1 0 0 0 0
1M Ago 2 0 0 0 0
2M Ago 2 2 0 0 0
3M Ago 4 1 0 0 0

Analysts have set 12-month price targets for Cipher Mining ( CIFR ), revealing an average target of $5.08, a high estimate of $5.50, and a low estimate of $4.50. Marking an increase of 12.89%, the current average surpasses the previous average price target of $4.50.

Breaking Down Analyst Ratings: A Detailed Examination

The analysis of recent analyst actions sheds light on the perception of Cipher Mining ( CIFR ) by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
John Todaro Needham Maintains Buy $5.00 -
Mike Colonnese HC Wainwright & Co. Raises Buy $5.50 $4.50
John Todaro Needham Maintains Buy $5.00 -
Josh Siegler Cantor Fitzgerald Maintains Overweight $5.00 -
Joseph Vafi Canaccord Genuity Maintains Buy $5.50 -
Josh Siegler Cantor Fitzgerald Maintains Overweight $5.00 -
John Todaro Needham Maintains Buy $5.00 -
Josh Siegler Cantor Fitzgerald Maintains Overweight $5.00 -
Joseph Vafi Canaccord Genuity Maintains Buy $5.50 -
John Todaro Needham Maintains Buy $5.00 -
Mike Colonnese HC Wainwright & Co. Maintains Buy $4.50 -
John Todaro Needham Maintains Buy $5.00 -

Key Insights:

Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Cipher Mining ( CIFR ). This information provides a snapshot of how analysts perceive the current state of the company.

Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Cipher Mining ( CIFR ) compared to the broader market.

Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Cipher Mining's ( CIFR ) stock. This comparison reveals trends in analysts' expectations over time.

Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Cipher Mining's ( CIFR ) market standing. Stay informed and make well-considered decisions with our Ratings Table.

Stay up to date on Cipher Mining ( CIFR ) analyst ratings.

If you are interested in following small-cap stock news and performance you can start by tracking it here.

Get to Know Cipher Mining Better

Cipher Mining Inc ( CIFR ) ia an emerging technology company that operates in the Bitcoin mining ecosystem in the United States. The company is developing a cryptocurrency mining business, specializing in Bitcoin. The company is expanding and strengthening the Bitcoin network's critical infrastructure in the United States.

Cipher Mining: A Financial Overview

Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.

Revenue Growth: Over the 3 months period, Cipher Mining ( CIFR ) showcased positive performance, achieving a revenue growth rate of 1329.67% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.

Net Margin: Cipher Mining's ( CIFR ) net margin is impressive, surpassing industry averages. With a net margin of 25.88%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): Cipher Mining's ( CIFR ) ROE excels beyond industry benchmarks, reaching 2.69%. This signifies robust financial management and efficient use of shareholder equity capital.

Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.29%, the company showcases effective utilization of assets.

Debt Management: Cipher Mining's ( CIFR ) debt-to-equity ratio is below the industry average. With a ratio of 0.04, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.

The Significance of Analyst Ratings Explained

Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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