Canaccord Genuity Maintains Buy on Cipher Mining, Raises Price Target to $4.5
Portfolio Pulse from richadhand@benzinga.com
Canaccord Genuity analyst Joseph Vafi maintains a 'Buy' rating on Cipher Mining (NASDAQ:CIFR) and raises the price target from $4 to $4.5.
August 16, 2023 | 8:23 am
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Canaccord Genuity maintains a 'Buy' rating on Cipher Mining and raises the price target from $4 to $4.5, potentially indicating a positive outlook for the stock.
The raised price target by Canaccord Genuity 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 suggests that the analyst believes the stock is undervalued at its current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100