Macquarie Initiates Coverage On Cipher Mining with Outperform Rating, Announces Price Target of $6
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Paul Golding has initiated coverage on Cipher Mining (NASDAQ:CIFR) with an Outperform rating and set a price target of $6.
September 24, 2024 | 9:29 pm
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POSITIVE IMPACT
Macquarie has initiated coverage on Cipher Mining with an Outperform rating and a price target of $6, indicating a positive outlook for the stock.
The initiation of coverage with an Outperform rating and a specific price target of $6 by a reputable analyst can positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100