Cipher Mining maintains a Buy rating from Canaccord Genuity Group, with a price target raised from $5.50 to $6.00.
Cipher Mining, a bitcoin mining data center company, received a reaffirmed Buy rating from Canaccord Genuity Group with a price target of $6.00, up from $5.50. The firm also updated its Q2 2024 earnings estimate from ($0.09) to ($0.04) per share, maintaining a "Buy" rating and a $5.50 price target. Cipher Mining has a $1.15B market cap, a P/E ratio of 62.01, and a beta of 2.32.
May 12, 2024
3 Articles