Cipher Mining Inc. (CIFR)
NASDAQ: CIFR · Real-Time Price · USD
6.19
-0.32 (-4.92%)
At close: Nov 21, 2024, 4:00 PM
6.15
-0.04 (-0.65%)
Pre-market: Nov 22, 2024, 4:36 AM EST
Cipher Mining Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for Cipher Mining stock have an average target of 7.42, with a low estimate of 5.00 and a high estimate of 9.00. The average target predicts an increase of 19.87% from the current stock price of 6.19.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Cipher Mining stock from 9 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 | 5 |
| 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 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| BTIG | BTIG | Strong Buy Maintains $6 → $9 | Strong Buy | Maintains | $6 → $9 | +45.40% | Nov 15, 2024 |
| Macquarie | Macquarie | Buy Maintains $6 → $7.25 | Buy | Maintains | $6 → $7.25 | +17.12% | Nov 7, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $7 | Strong Buy | Maintains | $7 | +13.09% | Nov 1, 2024 |
| Needham | Needham | Strong Buy Reiterates $7.5 | Strong Buy | Reiterates | $7.5 | +21.16% | Nov 1, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $7 | Strong Buy | Reiterates | $7 | +13.09% | Nov 1, 2024 |
Financial Forecast
Revenue This Year
151.79M
from 126.84M
Increased by 19.67%
Revenue Next Year
339.64M
from 151.79M
Increased by 123.76%
EPS This Year
-0.26
from -0.10
EPS Next Year
0.05
from -0.26
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 161.0M | 551.4M | 692.7M |
| Avg | 151.8M | 339.6M | 560.4M |
| Low | 138.6M | 238.0M | 453.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 27.0% | 263.3% | 103.9% |
| Avg | 19.7% | 123.8% | 65.0% |
| Low | 9.2% | 56.8% | 33.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.17 | 0.53 | 0.38 |
| Avg | -0.26 | 0.05 | 0.14 |
| Low | -0.30 | -0.36 | -0.19 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | 594.9% |
| Avg | - | - | 155.0% |
| Low | - | - | - |
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.