Cantor Fitzgerald Maintains Overweight on Cipher Mining, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Josh Siegler has maintained an Overweight rating on Cipher Mining (NASDAQ:CIFR) but reduced the price target from $6 to $5.
January 25, 2024 | 7:18 pm
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Cipher Mining's Overweight rating is maintained by Cantor Fitzgerald, but the price target is lowered from $6 to $5.
The reduction in price target by Cantor Fitzgerald suggests a downward revision of the company's future valuation, which could lead to a negative short term impact on the stock price. However, maintaining an Overweight rating indicates the analyst still sees positive fundamentals in the company.
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IMPORTANCE 75
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