Cipher Mining (NASDAQ:CIFR) Given New $25.00 Price Target at Needham & Company LLC

Cipher Mining (NASDAQ:CIFR) had its price target boosted by Needham & Company LLC from $22.00 to $25.00 in a report released on Friday, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

CIFR has been the topic of a number of other reports. Keefe, Bruyette & Woods raised their target price on shares of Cipher Mining from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Jefferies Financial Group assumed coverage on shares of Cipher Mining in a research report on Thursday. They set a “buy” rating and a $32.00 target price on the stock. Wall Street Zen lowered shares of Cipher Mining from a “hold” rating to a “strong sell” rating in a research report on Sunday, March 1st. Cantor Fitzgerald reduced their target price on shares of Cipher Mining from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cipher Mining in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Cipher Mining has an average rating of “Moderate Buy” and an average price target of $26.87.

Cipher Mining Stock Performance

Cipher Mining stock opened at $20.33 on Friday. The company has a debt-to-equity ratio of 6.13, a current ratio of 3.13 and a quick ratio of 3.13. Cipher Mining has a 1-year low of $3.08 and a 1-year high of $25.52. The firm has a market capitalization of $8.32 billion, a P/E ratio of -8.73 and a beta of 3.13. The company’s 50-day moving average is $16.58 and its 200 day moving average is $16.95.

Cipher Mining (NASDAQ:CIFR) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.01). The firm had revenue of $34.84 million during the quarter, compared to analysts’ expectations of $36.12 million. Cipher Mining had a negative return on equity of 117.65% and a negative net margin of 427.79%.Cipher Mining’s quarterly revenue was down 28.8% on a year-over-year basis. Research analysts forecast that Cipher Mining will post -0.8 EPS for the current year.

Insider Activity at Cipher Mining

In related news, Director Cary M. Grossman sold 30,000 shares of Cipher Mining stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $14.54, for a total transaction of $436,200.00. Following the transaction, the director directly owned 170,530 shares of the company’s stock, valued at $2,479,506.20. This trade represents a 14.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Wesley Hastie Williams sold 28,169 shares of Cipher Mining stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $22.26, for a total transaction of $627,041.94. Following the transaction, the director directly owned 129,976 shares in the company, valued at approximately $2,893,265.76. The trade was a 17.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 244,398 shares of company stock valued at $4,276,690 over the last quarter. 2.63% of the stock is owned by insiders.

Institutional Investors Weigh In On Cipher Mining

Institutional investors have recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new stake in Cipher Mining in the fourth quarter valued at approximately $25,000. Arax Advisory Partners boosted its stake in Cipher Mining by 274.2% in the fourth quarter. Arax Advisory Partners now owns 1,826 shares of the company’s stock valued at $27,000 after acquiring an additional 1,338 shares in the last quarter. GAMMA Investing LLC boosted its stake in Cipher Mining by 218.3% in the fourth quarter. GAMMA Investing LLC now owns 1,875 shares of the company’s stock valued at $28,000 after acquiring an additional 1,286 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Cipher Mining in the fourth quarter valued at approximately $28,000. Finally, Sherman Asset Management Inc. acquired a new stake in Cipher Mining in the third quarter valued at approximately $25,000. 12.26% of the stock is currently owned by institutional investors and hedge funds.

More Cipher Mining News

Here are the key news stories impacting Cipher Mining this week:

• Positive Sentiment: Needham raised its price target on Cipher Mining to $25 from $22 and kept a buy rating, implying meaningful upside from recent trading levels.
• Positive Sentiment: Jefferies upgraded Cipher Mining to strong-buy, adding to the optimistic analyst sentiment around the stock.
• Positive Sentiment: HC Wainwright lifted earnings estimates for Q2, Q3, Q4 and full-year 2026 while maintaining a buy rating and $30 price target, suggesting confidence in the company’s longer-term earnings path.
• Positive Sentiment: Northland Securities modestly raised its Q2 2026 EPS estimate, which points to slightly improved near-term expectations.
• Positive Sentiment: Broader market commentary on bitcoin miners with AI exposure has also been supportive of the group, helping keep investor interest elevated in CIFR.

Cipher Mining Company Profile

Cipher Mining Inc is a Nasdaq-listed bitcoin mining company that develops, owns and operates large-scale mining facilities across the United States. The company focuses on deploying advanced ASIC hardware and securing long-term low-cost power contracts to optimize bitcoin production. By strategically locating its sites in regions with abundant energy supply, Cipher Mining seeks to maintain a competitive cost structure and deliver efficient hashrate capacity growth.

Founded in 2021 and headquartered in Austin, Texas, Cipher Mining has pursued an integrated approach encompassing site development, equipment procurement and operations management.