HC Wainwright & Co. Maintains Buy on Cipher Mining, Raises Price Target to $4.5
Portfolio Pulse from richadhand@benzinga.com
HC Wainwright & Co. analyst Mike Colonnese maintains a 'Buy' rating on Cipher Mining (NASDAQ:CIFR) and raises the price target from $3 to $4.5.
August 09, 2023 | 10:17 am
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Cipher Mining's price target has been raised from $3 to $4.5 by HC Wainwright & Co. The firm maintains a 'Buy' rating on the stock.
The raised price target and maintained 'Buy' rating by HC Wainwright & Co. 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 may boost investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100