Brokers Set Expectations for Cipher Mining FY2026 Earnings

Cipher Mining Inc. (NASDAQ:CIFR) – Stock analysts at HC Wainwright increased their FY2026 earnings per share estimates for shares of Cipher Mining in a report issued on Monday, November 2nd. HC Wainwright analyst M. Colonnese now anticipates that the company will post earnings per share of ($1.03) for the year, up from their prior estimate of ($1.44). HC Wainwright currently has a “Buy” rating on the stock. The consensus estimate for Cipher Mining’s current full-year earnings is ($1.39) per share. HC Wainwright also issued estimates for Cipher Mining’s Q4 2026 earnings at ($0.20) EPS, Q1 2027 earnings at ($0.18) EPS, Q2 2027 earnings at ($0.07) EPS, Q3 2027 earnings at ($0.03) EPS, Q4 2027 earnings at $0.02 EPS and FY2027 earnings at ($0.26) EPS.

Several other research analysts also recently commented on the stock. Wells Fargo & Company reduced their price target on shares of Cipher Mining from $25.00 to $15.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 3rd. Jefferies Financial Group lowered their price objective on shares of Cipher Mining from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Cipher Mining in a research report on Monday, September 21st. Rosenblatt Securities dropped their target price on shares of Cipher Mining from $30.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, November 3rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Cipher Mining from $22.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 3rd. Fifteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.38.

Cipher Mining Stock Down 4.1%

Shares of CIFR opened at $6.53 on Wednesday. The firm has a market capitalization of $2.98 billion, a P/E ratio of -2.13 and a beta of 3.53. Cipher Mining has a 12-month low of $5.07 and a 12-month high of $30.14. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 9.10. The firm has a fifty day moving average price of $12.89 and a 200-day moving average price of $17.36.

Cipher Mining (NASDAQ:CIFR) last released its earnings results on Monday, November 2nd. The company reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.03. Cipher Mining had a negative return on equity of 161.74% and a negative net margin of 742.33%. The business had revenue of $26.70 million for the quarter, compared to analyst estimates of $39.31 million. During the same quarter last year, the firm posted $0.10 earnings per share. The business’s revenue was down 62.8% compared to the same quarter last year.

Institutional Investors Weigh In On Cipher Mining

Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE increased its stake in shares of Cipher Mining by 237.7% during the first quarter. Bank of America Corp DE now owns 1,414,667 shares of the company’s stock valued at $18,207,000 after buying an additional 995,735 shares during the period. Moore Capital Management LP purchased a new stake in Cipher Mining in the second quarter worth about $35,077,000. Wellington Management Group LLP lifted its stake in Cipher Mining by 567.1% in the second quarter. Wellington Management Group LLP now owns 3,985,806 shares of the company’s stock worth $97,652,000 after acquiring an additional 3,388,359 shares during the period. FirstWave Capital Management LLC purchased a new stake in Cipher Mining in the second quarter worth about $2,410,000. Finally, Fifth Third Bancorp bought a new position in Cipher Mining during the 1st quarter worth about $2,551,000. 12.26% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Cipher Mining

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

• Positive Sentiment: Northland Securities raised its FY2026 EPS estimate to a loss of $0.94 from a loss of $1.35, and its Q4 estimate to a loss of $0.11 from a loss of $0.16. HC Wainwright also improved its FY2026 estimate to a loss of $1.03 from a loss of $1.44. Cipher Mining analyst estimates
• Positive Sentiment: HC Wainwright retained its Buy rating and raised its Q4 2027 EPS estimate to $0.02 from $0.01. Jefferies also kept a Buy rating after reducing its price target to $10; Morgan Stanley maintained an Overweight rating with a $27.50 target. Cipher Mining analyst coverage
• Negative Sentiment: HC Wainwright cut its estimates for Q1–Q3 2027 and FY2027, lowering the full-year forecast to a loss of $0.26 per share from a loss of $0.12. It also reduced its Q4 2026 estimate to a loss of $0.20 from a loss of $0.16, signaling weaker projected earnings in those periods. Cipher Mining analyst estimates
• Negative Sentiment: Jefferies lowered its price target from $12 to $10, and Morgan Stanley also reduced its target, to $27.50. Although both firms retained bullish ratings, target cuts can weigh on sentiment. Jefferies price-target cuts

About Cipher Mining

Cipher Mining Inc. is a U.S.-based bitcoin mining company that develops and operates data centers designed to support large-scale mining operations. Its facilities house specialized computing equipment that helps process transactions and secure the Bitcoin network. The company’s operations and development activities are concentrated in the United States, including sites in Texas. Its work includes building and managing mining infrastructure and sourcing the energy and equipment needed to run its facilities.