Canaccord Genuity Maintains Buy on Cipher Mining, Raises Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity has maintained a Buy rating on Cipher Mining and raised the price target from $6 to $7, indicating a positive outlook for the company's stock.
August 21, 2024 | 12:59 pm
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Canaccord Genuity has maintained a Buy rating on Cipher Mining and increased the price target from $6 to $7, suggesting a positive short-term outlook for the stock.
The analyst's decision to maintain a Buy rating and raise the price target indicates confidence in Cipher Mining's future performance. This is likely to positively influence investor sentiment and drive the stock price up in the short term.
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