Cipher Mining shares are trading higher after Cantor Fitgerald assumed an Overweight rating on the stock and raised its price target to $9. Also, the stock may be moving amid strength in Bitcoin.
Portfolio Pulse from Benzinga Newsdesk
Cipher Mining shares are trading higher after Cantor Fitzgerald assumed an Overweight rating on the stock and raised its price target to $9. Additionally, the stock may be moving amid strength in Bitcoin.
June 12, 2024 | 4:02 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Cipher Mining shares are trading higher due to Cantor Fitzgerald's Overweight rating and increased price target to $9. The stock is also benefiting from the strength in Bitcoin.
Cantor Fitzgerald's Overweight rating and increased price target to $9 are positive signals for investors, likely driving the stock price higher. Additionally, the strength in Bitcoin, which is closely related to Cipher Mining's business, further supports the upward movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100