Canaccord Genuity Reiterates Buy on Cipher Mining, Raises Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Joseph Vafi has reiterated a Buy rating on Cipher Mining (NASDAQ:CIFR) and increased the price target from $5.5 to $6.
May 08, 2024 | 4:37 pm
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Canaccord Genuity has reaffirmed its Buy rating on Cipher Mining and raised the price target to $6.
The reiteration of a Buy rating combined with an increased price target typically signals a positive outlook on the stock from the analyst's perspective. This can often lead to increased investor confidence and potentially a rise in the stock's price in the short term.
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