Canaccord Genuity Maintains Buy on Cipher Mining, Raises Price Target to $5.5
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Joseph Vafi maintains a 'Buy' rating on Cipher Mining (NASDAQ:CIFR) and raises the price target from $4.5 to $5.5.
November 09, 2023 | 10:50 am
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POSITIVE IMPACT
Canaccord Genuity maintains a 'Buy' rating on Cipher Mining and raises the price target from $4.5 to $5.5, indicating positive sentiment towards the stock.
The raised price target by Canaccord Genuity indicates a positive outlook for Cipher Mining. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100