What 5 Analyst Ratings Have To Say About Cipher Mining
Portfolio Pulse from Benzinga Insights
Over the past three months, five analysts have evaluated Cipher Mining (NASDAQ:CIFR), with the majority being bullish. Analysts have raised their 12-month price targets, with an average target of $6.5, up 26.95% from the previous $5.12. The company has shown strong financial performance, including a 119.85% revenue growth rate and an 82.89% net margin.
August 14, 2024 | 1:01 pm
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Cipher Mining has received predominantly bullish ratings from analysts, with raised price targets indicating positive sentiment. The company's strong financial performance, including significant revenue growth and high net margins, supports this outlook.
The majority of analysts have given bullish ratings and raised their price targets for CIFR, reflecting positive sentiment. The company's strong financial metrics, such as high revenue growth and net margins, further support the likelihood of a positive short-term price movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100