On May 8, 2025, Cipher Mining (CIFR, Financial) received a reaffirmation of its "Buy" rating from Canaccord Genuity. The analyst responsible for this decision, Joseph Vafi, continues to hold a positive outlook on the company.
The investment firm has maintained its price target for Cipher Mining (CIFR, Financial) at $8.00 USD. This target remains unchanged from the prior assessment, indicating sustained confidence in the stock's potential performance.
Despite the lack of changes in the price target, the reaffirmation of the "Buy" rating suggests that Cipher Mining (CIFR, Financial) remains a favorable investment opportunity according to Canaccord Genuity's analysis.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Cipher Mining Inc (CIFR, Financial) is $6.99 with a high estimate of $9.00 and a low estimate of $4.00. The average target implies an upside of 131.49% from the current price of $3.02. More detailed estimate data can be found on the Cipher Mining Inc (CIFR) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Cipher Mining Inc's (CIFR, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
