Needham Reiterates Buy on Cipher Mining, Maintains $5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst John Todaro has reiterated a Buy rating on Cipher Mining (NASDAQ:CIFR) and maintained a $5 price target.
June 07, 2024 | 9:56 am
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Needham analyst John Todaro has reiterated a Buy rating on Cipher Mining and maintained a $5 price target, indicating confidence in the company's future performance.
The reiteration of a Buy rating and the maintenance of a $5 price target by a reputable analyst suggests a positive outlook for Cipher Mining. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
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