Cipher Mining (NASDAQ:CIFR) Stock Gets Price Target Cut from Needham & Company LLC

Cipher Mining (NASDAQ:CIFR) had its price target trimmed by Needham & Company LLC from $25.00 to $15.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

CIFR has been the topic of a number of other reports. Cantor Fitzgerald dropped their price objective on shares of Cipher Mining from $19.00 to $15.00 and set an “overweight” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. decreased their target price on shares of Cipher Mining from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. UBS Group restated an “overweight” rating and issued a $18.00 target price on shares of Cipher Mining in a report on Tuesday. Rosenblatt Securities dropped their price target on shares of Cipher Mining from $30.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cipher Mining in a research note on Monday, September 21st. Fifteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.25.

Cipher Mining Stock Down 14.6%

Shares of CIFR opened at $5.55 on Tuesday. Cipher Mining has a 12-month low of $5.07 and a 12-month high of $30.14. The business’s fifty day moving average is $13.44 and its 200 day moving average is $17.53. The company has a current ratio of 1.69, a quick ratio of 3.00 and a debt-to-equity ratio of 9.10.

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

Hedge Funds Weigh In On Cipher Mining

A number of hedge funds have recently bought and sold shares of the company. GK Wealth Management LLC bought a new position in Cipher Mining in the 3rd quarter valued at $25,000. CoreCap Advisors LLC increased its position in shares of Cipher Mining by 41.7% during the 2nd quarter. CoreCap Advisors LLC now owns 1,700 shares of the company’s stock valued at $42,000 after purchasing an additional 500 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Cipher Mining during the 3rd quarter worth $42,000. EverSource Wealth Advisors LLC raised its stake in shares of Cipher Mining by 259.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,357 shares of the company’s stock worth $43,000 after purchasing an additional 2,423 shares during the period. Finally, Ancora Advisors LLC bought a new stake in shares of Cipher Mining during the 2nd quarter worth $49,000. 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: Cipher reported its first high-performance computing (HPC) lease revenue, while an expansion at Barber Lake lifted total contracted revenue to $9.1 billion. Its Colchis site also received a 1-gigawatt conditional baseload classification—potential support for its AI-infrastructure growth plans. Cipher Digital books first HPC lease revenue as Bitcoin mining fades Cipher Digital: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Recent earnings were mixed: EPS beat analysts’ expectations, but revenue missed estimates and fell sharply year over year. This limits the reassurance investors may take from the earnings beat. Cipher Mining Shares Climb 10.2% Following Strong Earnings
• Negative Sentiment: Political uncertainty is weighing on AI data-center developers. Reports link CIFR’s decline to election results and concerns that Texas policy or regulation could delay construction and hinder infrastructure growth. Cipher Digital Stock Falls After Texas Governor Upset Cipher Stock Plummets After Democrats’ Midterm Wins
• Negative Sentiment: AI-infrastructure financing concerns remain a headwind. Coverage cites Cipher’s $850 million convertible-debt offering as a factor behind its steep October selloff, while a broader retreat in former crypto miners reflects investor doubts about the cost of building AI facilities. Why Cipher Digital Stock Lost 53.9% in October
• Negative Sentiment: Several analysts have lowered targets, and Keefe, Bruyette & Woods cut its rating from Outperform to Market Perform. Bernstein also reduced its target, although it maintained an Outperform rating. Such revisions add to cautious sentiment. Cipher Mining Rating Cut to Market Perform Bernstein Lowers Cipher Mining Price Target

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.