Cipher Mining (NASDAQ:CIFR) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Cipher Mining (NASDAQ:CIFR) had its target price lowered by JPMorgan Chase & Co. from $22.00 to $18.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

CIFR has been the topic of a number of other research reports. Cantor Fitzgerald reduced their target price on Cipher Mining from $19.00 to $15.00 and set an “overweight” rating on the stock in a report on Tuesday. Citigroup reiterated a “market outperform” rating on shares of Cipher Mining in a report on Monday, August 10th. Needham & Company LLC dropped their price target on Cipher Mining from $25.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday. Morgan Stanley reduced their price objective on Cipher Mining from $54.00 to $51.50 and set an “overweight” rating on the stock in a research note on Monday, October 12th. Finally, Freedom Capital upgraded Cipher Mining to a “hold” rating in a research note on Friday, September 18th. Fifteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.25.

Cipher Mining Stock Performance

Shares of NASDAQ CIFR opened at $5.55 on Tuesday. The company has a debt-to-equity ratio of 9.10, a quick ratio of 3.00 and a current ratio of 1.69. Cipher Mining has a fifty-two week low of $5.07 and a fifty-two week high of $30.14. The business has a 50 day moving average price of $13.44 and a two-hundred day moving average price of $17.53.

Cipher Mining (NASDAQ:CIFR) last announced its quarterly earnings data on Monday, November 2nd. The company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.03. The company had revenue of $26.70 million during the quarter, compared to analyst estimates of $39.31 million. Cipher Mining had a negative net margin of 742.33% and a negative return on equity of 161.74%. The firm’s revenue for the quarter was down 62.8% compared to the same quarter last year. During the same period last year, the business earned $0.10 EPS. Sell-side analysts predict that Cipher Mining will post -1.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. CoreCap Advisors LLC lifted its stake in shares of Cipher Mining by 41.7% in the second quarter. CoreCap Advisors LLC now owns 1,700 shares of the company’s stock worth $42,000 after buying an additional 500 shares during the last quarter. Abel Hall LLC lifted its stake in shares of Cipher Mining by 3.8% in the first quarter. Abel Hall LLC now owns 20,140 shares of the company’s stock valued at $259,000 after buying an additional 739 shares during the period. Rathbones Group PLC grew its holdings in shares of Cipher Mining by 7.0% during the 1st quarter. Rathbones Group PLC now owns 11,495 shares of the company’s stock worth $148,000 after purchasing an additional 750 shares in the last quarter. DKM Wealth Management Inc. boosted its stake in Cipher Mining by 5.8% during the third quarter. DKM Wealth Management Inc. now owns 14,152 shares of the company’s stock worth $224,000 after buying an additional 771 shares in the last quarter. Finally, Navellier & Associates Inc. boosted its position in shares of Cipher Mining by 3.7% during the 2nd quarter. Navellier & Associates Inc. now owns 25,230 shares of the company’s stock valued at $618,000 after acquiring an additional 901 shares in the last quarter. Institutional investors own 12.26% of the company’s stock.

Key Stories Impacting Cipher Mining

Here are the key news stories impacting Cipher Mining this week:

• Positive Sentiment: Cipher reported its first high-performance computing (HPC) lease revenue, while an expansion at Barber Lake lifted total contracted revenue to $9.1 billion. Its Colchis site also received a 1-gigawatt conditional baseload classification—potential support for its AI-infrastructure growth plans. Cipher Digital books first HPC lease revenue as Bitcoin mining fades Cipher Digital: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Recent earnings were mixed: EPS beat analysts’ expectations, but revenue missed estimates and fell sharply year over year. This limits the reassurance investors may take from the earnings beat. Cipher Mining Shares Climb 10.2% Following Strong Earnings
• Negative Sentiment: Political uncertainty is weighing on AI data-center developers. Reports link CIFR’s decline to election results and concerns that Texas policy or regulation could delay construction and hinder infrastructure growth. Cipher Digital Stock Falls After Texas Governor Upset Cipher Stock Plummets After Democrats’ Midterm Wins
• Negative Sentiment: AI-infrastructure financing concerns remain a headwind. Coverage cites Cipher’s $850 million convertible-debt offering as a factor behind its steep October selloff, while a broader retreat in former crypto miners reflects investor doubts about the cost of building AI facilities. Why Cipher Digital Stock Lost 53.9% in October
• Negative Sentiment: Several analysts have lowered targets, and Keefe, Bruyette & Woods cut its rating from Outperform to Market Perform. Bernstein also reduced its target, although it maintained an Outperform rating. Such revisions add to cautious sentiment. Cipher Mining Rating Cut to Market Perform Bernstein Lowers Cipher Mining Price Target

Cipher Mining Company Profile

Cipher Mining Inc (NASDAQ: CIFR) is a bitcoin mining company that develops and operates large-scale data center infrastructure in the United States. The company uses specialized application-specific integrated circuit (ASIC) computers to validate transactions on the Bitcoin network and earn bitcoin rewards.

Cipher focuses on securing access to cost-effective power, building and managing mining facilities, and deploying high-performance computing equipment. Its operations are supported by power infrastructure, cooling systems, networking equipment and other data center technologies required for energy-intensive digital asset mining.

The company was formed through the combination of Cipher Mining Technologies Inc and Good Works Acquisition Corp.