Cipher Mining Inc (CIFR)

[SmokyStock]

(Cipher Mining receives a buy rating and a 41 price target from Compass Point analysts.)
As of June 6, 2023, Compass Point analyst Chase White has assigned the stock of Cipher Mining ($CIFR) a buy rating and a $41 price target. The TipRanks Smart Score, which is derived from eight different data sets, including analyst recommendations, is the foundation for the stock analysis for Cipher Mining.
The 52-week range of Cipher Mining's stock is $0.38 to $3.32, and its beta value is 2.30. The stock has a "strong buy" rating from analysts, and their $3.50 price target would represent a 40.0% increase.
Cipher Mining published a Form S-3 on May 4, 2023, outlining its potential sale of 187 million stockholder shares. MarketWatch has the most recent stock price for Cipher Mining.
It is important to note that Cipher Mining should not be confused with Compass Pathways PLC, which is a completely separate company.