Where Cipher Mining Stands With Analysts
Portfolio Pulse from Benzinga Insights
Cipher Mining (NASDAQ:CIFR) has received 8 analyst ratings in the last quarter, all of which are bullish or somewhat bullish. The average price target is $5.38, indicating a significant upside from the current price of $2.6. This average has increased by 46.59% from the previous average price target of $3.67.
October 11, 2023 | 2:00 pm
News sentiment analysis
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POSITIVE IMPACT
Cipher Mining has received positive analyst ratings, with a significant upside indicated by the average price target. This could potentially lead to an increase in the stock price.
Analyst ratings often influence investor sentiment and can impact stock prices. In this case, all 8 analyst ratings for Cipher Mining are bullish or somewhat bullish, indicating a positive outlook for the company. Furthermore, the average price target of $5.38 is significantly higher than the current price of $2.6, suggesting a potential upside. This could lead to increased investor interest and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100