- Cipher Mining (CIFR, Financial) is set to announce first-quarter earnings on May 6th, with projections showing strong growth.
- Analysts predict a 7.3% year-over-year revenue increase, signaling a positive outlook.
- Wall Street's target price reveals a substantial potential upside of over 142%.
Cipher Mining (CIFR) is gearing up to unveil its first-quarter earnings results before the market opens on May 6th. This announcement is eagerly anticipated by investors following recent upward adjustments in revenue expectations. Analysts have forecasted an earnings per share (EPS) of $0.04 with a projected revenue of $51.52 million, representing a 7.3% increase year-over-year. Notably, revenue projections have been revised upwards four times in the last quarter, underscoring growing confidence in the company's performance.
Wall Street Analysts Forecast
In a detailed analysis by 11 market analysts, the one-year price target for Cipher Mining Inc (CIFR, Financial) averages at $7.24. This projection includes a high estimate of $9.00 and a low of $4.00. The average target indicates a significant upside potential of 142.98% from the current trading price of $2.98. For further insights and detailed estimate data, visit the Cipher Mining Inc (CIFR) Forecast page.
The consensus from 11 brokerage firms places Cipher Mining Inc (CIFR, Financial) at an average recommendation of 1.9 on a scale where 1 indicates a Strong Buy and 5 signals a Sell. This rating suggests an "Outperform" status, reflecting a favorable view among analysts. Investors considering Cipher Mining should weigh these insights when evaluating potential opportunities in the stock.
