HC Wainwright & Co. Maintains Buy on Cipher Mining, Raises Price Target to $5.5
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Mike Colonnese maintains a Buy rating on Cipher Mining (NASDAQ:CIFR) and raises the price target from $4.5 to $5.5.
May 07, 2024 | 6:02 pm
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Cipher Mining's price target was raised from $4.5 to $5.5 by HC Wainwright & Co., maintaining a Buy rating.
The increase in price target by a reputable analyst firm like HC Wainwright & Co. typically signals a positive outlook on the stock, suggesting potential upside. This could lead to increased investor confidence and a short-term rise in the stock price.
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IMPORTANCE 90
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