Cipher Mining Inc. (CIFR)
NASDAQ: CIFR · IEX Real-Time Price · USD
3.710
-0.050 (-1.33%)
At close: May 31, 2024, 4:00 PM
3.740
+0.030 (0.81%)
After-hours: May 31, 2024, 7:58 PM EDT
Cipher Mining Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Cipher Mining stock have an average target of 5.25, with a low estimate of 4.00 and a high estimate of 6.00. The average target predicts an increase of 41.51% from the current stock price of 3.71.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Cipher Mining stock from 7 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 5 | 5 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 7 | 7 | 7 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Reiterates $5 | Strong Buy | Reiterates | $5 | +34.77% | May 17, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Reiterates $5.5 → $6 | Strong Buy | Reiterates | $5.5 → $6 | +61.73% | May 8, 2024 |
| Needham | Needham | Strong Buy Reiterates $5 | Strong Buy | Reiterates | $5 | +34.77% | May 8, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $4.5 → $5.5 | Strong Buy | Maintains | $4.5 → $5.5 | +48.25% | May 7, 2024 |
| Needham | Needham | Strong Buy Reiterates $5 | Strong Buy | Reiterates | $5 | +34.77% | Apr 22, 2024 |
Financial Forecast
Revenue This Year
166.19M
Revenue Next Year
318.20M
from 166.19M
Increased by 91.47%
EPS This Year
0.02
from -0.10
EPS Next Year
0.24
from 0.02
Increased by 1,066.65%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 192.0M | 388.9M | 319.2M |
| Avg | 166.2M | 318.2M | 310.1M |
| Low | 137.4M | 197.1M | 297.9M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 134.0% | 0.3% |
| Avg | - | 91.5% | -2.6% |
| Low | - | 18.6% | -6.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.11 | 0.53 | 0.30 |
| Avg | 0.02 | 0.24 | 0.30 |
| Low | -0.03 | -0.06 | 0.28 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 2,473.5% | 27.9% |
| Avg | - | 1,066.6% | 24.3% |
| Low | - | - | 19.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.