Canaccord Genuity Maintains Buy on Cipher Mining, Maintains $7 Price Target
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Joseph Vafi has reiterated a Buy rating for Cipher Mining (NASDAQ:CIFR) and maintained a price target of $7.
August 29, 2024 | 6:32 pm
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Canaccord Genuity's analyst Joseph Vafi has reiterated a Buy rating for Cipher Mining, maintaining a price target of $7. This suggests confidence in the company's future performance.
The reaffirmation of a Buy rating and a $7 price target by Canaccord Genuity indicates a positive outlook for Cipher Mining. This can boost investor confidence and potentially lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100