Cipher Mining Inc. (CIFR)
NASDAQ: CIFR · Real-Time Price · USD
5.32
+0.28 (5.56%)
At close: Nov 5, 2024, 4:00 PM
5.35
+0.03 (0.56%)
After-hours: Nov 5, 2024, 4:15 PM EST
Cipher Mining Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Cipher Mining stock have an average target of 7.06, with a low estimate of 5.00 and a high estimate of 9.00. The average target predicts an increase of 32.71% from the current stock price of 5.32.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Cipher Mining stock from 8 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 5 | 4 | 4 | 4 |
| Buy | 2 | 2 | 2 | 4 | 4 | 4 |
| Hold | 1 | 1 | 1 | 1 | 1 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 8 | 9 | 9 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $7 | Strong Buy | Maintains | $7 | +31.58% | Nov 1, 2024 |
| Needham | Needham | Strong Buy Reiterates $7.5 | Strong Buy | Reiterates | $7.5 | +40.98% | Nov 1, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $7 | Strong Buy | Reiterates | $7 | +31.58% | Nov 1, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $9 | Buy | Reiterates | $9 | +69.17% | Oct 3, 2024 |
| Northland Capital Markets | Northland Capital Markets | Buy Initiates $6 | Buy | Initiates | $6 | +12.78% | Sep 25, 2024 |
Financial Forecast
Revenue This Year
160.54M
from 126.84M
Increased by 26.57%
Revenue Next Year
360.09M
from 160.54M
Increased by 124.30%
EPS This Year
-0.03
from -0.10
EPS Next Year
0.11
from -0.03
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 173.9M | 551.4M | 796.6M |
| Avg | 160.5M | 360.1M | 579.2M |
| Low | 141.1M | 241.6M | 453.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 37.1% | 243.5% | 121.2% |
| Avg | 26.6% | 124.3% | 60.9% |
| Low | 11.3% | 50.5% | 26.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.09 | 0.66 | 0.38 |
| Avg | -0.03 | 0.11 | 0.21 |
| Low | -0.11 | -0.13 | 0.01 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | 232.6% |
| Avg | - | - | 86.4% |
| Low | - | - | -91.4% |
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.