What 6 Analyst Ratings Have To Say About Cipher Mining
Portfolio Pulse from Benzinga Insights
Cipher Mining (NASDAQ:CIFR) has received six analyst ratings in the last quarter, with three being bullish, three somewhat bullish, and none being bearish or indifferent. The average 12-month price target for the company has increased by 33.41% from the previous average, now standing at $5.67.
November 09, 2023 | 12:00 pm
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POSITIVE IMPACT
Cipher Mining has received positive analyst ratings, which could boost investor confidence and potentially drive the stock price up in the short term.
Analyst ratings often influence investor sentiment towards a stock. In this case, Cipher Mining has received predominantly positive ratings, which could increase investor confidence and potentially lead to an increase in the stock price. The increase in the average 12-month price target also indicates a positive outlook for the stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100