Cipher Mining (NASDAQ:CIFR) Stock Price Target Cut by JPMorgan Chase & Co.

Cipher Mining (NASDAQ:CIFR) had its price objective dropped by analysts at JPMorgan Chase & Co. from $22.00 to $18.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 126.30% from the company’s current price.

CIFR has been the topic of several other research reports. Keefe, Bruyette & Woods cut their price target on shares of Cipher Mining from $32.00 to $28.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. Freedom Capital upgraded shares of Cipher Mining to a “hold” rating in a report on Friday, September 18th. Rosenblatt Securities dropped their price target on Cipher Mining from $30.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday. Weiss Ratings restated a “sell (d-)” rating on shares of Cipher Mining in a research note on Monday, September 21st. Finally, UBS Group reaffirmed an “overweight” rating and set a $18.00 price objective on shares of Cipher Mining in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.06.

Cipher Mining Price Performance

Shares of Cipher Mining stock traded up $1.09 during trading on Tuesday, hitting $7.95. The stock had a trading volume of 32,677,250 shares, compared to its average volume of 31,202,277. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of -2.78 and a beta of 3.20. Cipher Mining has a 12 month low of $6.62 and a 12 month high of $30.14. The business’s 50-day moving average is $13.99 and its 200 day moving average is $17.70. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 9.69.

Cipher Mining (NASDAQ:CIFR) last issued its earnings results on Monday, November 2nd. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.03. Cipher Mining had a negative return on equity of 156.28% and a negative net margin of 585.75%. The business had revenue of $26.70 million during the quarter, compared to analyst estimates of $39.31 million. During the same quarter in the prior year, the firm earned $0.10 earnings per share. Cipher Mining’s revenue for the quarter was down 62.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Cipher Mining will post -1.36 earnings per share for the current year.

Institutional Investors Weigh In On Cipher Mining

Several hedge funds and other institutional investors have recently modified their holdings of CIFR. Janus Henderson Group PLC increased its stake in Cipher Mining by 1.9% in the first quarter. Janus Henderson Group PLC now owns 4,373,982 shares of the company’s stock worth $56,292,000 after purchasing an additional 81,192 shares during the period. Wellington Management Group LLP grew its holdings in shares of Cipher Mining by 567.1% in the second quarter. Wellington Management Group LLP now owns 3,985,806 shares of the company’s stock worth $97,652,000 after purchasing an additional 3,388,359 shares during the last quarter. Jennison Associates LLC increased its stake in Cipher Mining by 48.7% in the 1st quarter. Jennison Associates LLC now owns 2,519,281 shares of the company’s stock worth $32,423,000 after buying an additional 824,618 shares during the period. Renaissance Technologies LLC bought a new stake in Cipher Mining during the 1st quarter valued at about $24,486,000. Finally, Moore Capital Management LP bought a new stake in shares of Cipher Mining during the second quarter valued at approximately $35,077,000. 12.26% of the stock is currently owned by hedge funds and other institutional investors.

Cipher Mining News Roundup

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

• Positive Sentiment: Cipher said it is expanding its high-performance computing (HPC) footprint, supported by $16.6 billion in contracted revenue, improved economics for its Barber Lake lease and a 5.9-gigawatt development pipeline. These figures strengthen the long-term investment case if the company can deliver the planned capacity. CIFR Q3 Earnings Call Highlights Growth Plans and Cost Pressures
• Positive Sentiment: The stock is participating in a sector-wide rebound among former Bitcoin miners transitioning into AI data-center hosting, helping restore investor interest in CIFR and comparable companies. Cipher Digital Soars as AI Data Center Stocks Rebound
• Positive Sentiment: Analysts at Needham, Rosenblatt and Cantor retained bullish ratings despite reducing their price targets, indicating that they still see substantial upside tied to the HPC strategy. Needham analyst rating
• Neutral Sentiment: Third-quarter adjusted loss was better than expected at $0.22 per share versus the forecasted $0.25 loss, but the earnings improvement was overshadowed by weak revenue. Cipher Digital Q3 earnings report
• Negative Sentiment: Revenue was $26.7 million, well below the $39.31 million consensus estimate and down 62.8% year over year. Bitcoin-mining revenue fell 71%, while initial HPC rent of $5.9 million replaced only part of the lost mining revenue. CIFR Stock Drops After Q3 Revenue Miss
• Negative Sentiment: High financing costs remain a major concern: reported borrowings of approximately $5.6 billion contributed to about $59 million in quarterly interest expense before the new data-center facilities are generating full rent. Cipher Digital Profit Is a Warrant Gain
• Negative Sentiment: Multiple firms cut their price targets, including Keefe Bruyette to $11, reflecting a reset in valuation after the revenue miss and uncertainty over the timing and profitability of HPC expansion. Cipher Mining price target lowered by Keefe Bruyette

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.