Needham Maintains Buy on Cipher Mining, Raises Price Target to $5
Portfolio Pulse from richadhand@benzinga.com
Needham analyst John Todaro has maintained a 'Buy' rating on Cipher Mining (NASDAQ:CIFR) and raised the price target from $4 to $5.
August 04, 2023 | 10:53 am
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Cipher Mining's price target has been raised from $4 to $5 by Needham, maintaining a 'Buy' rating.
The raised price target and maintained 'Buy' rating by Needham indicates a positive outlook for Cipher Mining. This could potentially lead to an increase in the stock's price in the short term as it signals confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100