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Cipher Mining (CIFR) Stock Forecast, Price Target & Predictions

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CIFR Stock Forecast

Cipher Mining stock forecast is as follows: an average price target of $7.58 (represents a 4.84% upside from CIFR’s last price of $7.23) and a rating consensus of 'Buy', based on 12 wall street analysts offering a 1-year stock forecast.

CIFR Price Target

The average price target for Cipher Mining (CIFR) is $7.58 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $9.00 to $6.00. This represents a potential 4.84% upside from CIFR's last price of $7.23.

CIFR Analyst Ratings

Buy

According to 12 Wall Street analysts, Cipher Mining's rating consensus is 'Buy'. The analyst rating breakdown for CIFR stock is 0 'Strong Buy' (0.00%), 7 'Buy' (58.33%), 4 'Hold' (33.33%), 1 'Sell' (8.33%), and 0 'Strong Sell' (0.00%).

Cipher Mining Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 25, 2024Mike GrondahlNorthland Securities$6.00$3.9053.84%-17.01%
Sep 25, 2024Joe FlynnCompass Point$9.00$3.44161.63%24.48%
Aug 28, 2024Mike ColonneseH.C. Wainwright$7.00$3.5895.53%-3.18%
Aug 21, 2024Joseph VafiCanaccord Genuity$7.00$3.9875.88%-3.18%
Aug 14, 2024John TodaroNeedham$7.50$3.65105.48%3.73%
Aug 06, 2024Bill PapanastasiouStifel Nicolaus$9.00$3.97126.70%24.48%
Jun 10, 2024Brett KnoblauchCantor Fitzgerald$9.00$4.18115.31%24.48%
Jun 06, 2024Mike ColonneseH.C. Wainwright$6.00$4.0448.51%-17.01%
Feb 07, 2023H.C. Wainwright$3.00$1.8264.84%-58.51%

The latest Cipher Mining stock forecast, released on Sep 25, 2024 by Mike Grondahl from Northland Securities, set a price target of $6.00, which represents a 53.84% increase from the stock price at the time of the forecast ($3.90), and a -17.01% decrease from CIFR last price ($7.23).

Cipher Mining Price Target by Period

1M3M12M
# Anlaysts-28
Avg Price Target-$7.50$7.56
Last Closing Price$7.23$7.23$7.23
Upside/Downside-100.00%3.73%4.56%

In the current month, the average price target of Cipher Mining stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Cipher Mining's last price of $7.23. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Sep 25, 2024NeedhamBuyBuyHold
Sep 25, 2024Compass PointBuyBuyHold
Sep 24, 2024MacquarieOutperformInitialise
Sep 03, 2024Compass PointUnderperformUnderperformHold
Aug 28, 2024H.C. WainwrightBuyBuyHold
Aug 21, 2024Canaccord GenuityBuyBuyHold
Aug 14, 2024Compass PointBuyBuyHold
Aug 14, 2024Cantor FitzgeraldUnderperformUnderperformHold
Aug 14, 2024NeedhamBuyBuyHold
Jun 06, 2024H.C. WainwrightUnderperformUnderperformHold
Jun 06, 2024NeedhamBuyBuyHold
Jun 06, 2024H.C. WainwrightBuyBuyHold
May 09, 2024Compass PointBuyBuyHold
May 07, 2024H.C. WainwrightBuyBuyHold
Apr 22, 2024NeedhamBuyBuyHold
Apr 22, 2024Cantor FitzgeraldUnderperformUnderperformHold
Mar 18, 2024Cantor FitzgeraldUnderperformUnderperformHold
Mar 18, 2024NeedhamBuyBuyHold
Feb 07, 2023BernsteinMarket PerformDowngrade
Feb 07, 2023Raymond JamesOutperformDowngrade
Feb 07, 2023Loop Capital MarketsBuyInitialise
Feb 07, 2023BTIGNeutralInitialise
Feb 07, 2023Goldman SachsNeutralDowngrade
Feb 07, 2023Morgan StanleyUnderweightDowngrade
Feb 07, 2023UBSNeutralDowngrade
Feb 07, 2023H.C. WainwrightBuyUpgrade

Cipher Mining's last stock rating was published by Needham on Sep 25, 2024. The company gave CIFR a "Buy" rating, the same as its previous rate.

Cipher Mining Financial Forecast

Cipher Mining Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22
Revenue-------------$30.30M$31.22M$21.89M$3.04M
Avg Forecast$174.00M$151.73M$149.29M$137.55M$127.35M$96.37M$68.35M$55.03M$40.73M$28.06M$38.13M$50.26M$40.27M$33.50M$32.41M$22.95M$3.85M
High Forecast$206.72M$180.26M$177.36M$163.41M$151.29M$114.49M$81.20M$60.00M$45.33M$33.34M$38.13M$50.26M$45.37M$33.50M$38.50M$27.27M$4.57M
Low Forecast$140.54M$122.55M$120.58M$111.10M$102.86M$77.84M$55.20M$50.23M$33.74M$22.66M$38.13M$50.26M$35.16M$33.50M$26.18M$18.54M$3.11M
# Analysts44443335732242221
Surprise %-------------0.90%0.96%0.95%0.79%

Cipher Mining's average Quarter revenue forecast for Dec 23 based on 4 analysts is $40.27M, with a low forecast of $35.16M, and a high forecast of $45.37M. CIFR's average Quarter revenue forecast represents a 32.88% increase compared to the company's last Quarter revenue of $30.30M (Sep 23).

Cipher Mining EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22
# Analysts44443335732242221
EBITDA-------------$-3.55M$-4.62M$-1.76M$-32.31M
Avg Forecast$57.12M$49.81M$49.01M$45.15M$41.80M$31.63M$22.43M$18.06M$13.37M$9.21M$12.51M$16.50M$13.22M$11.00M$10.64M$7.53M$1.26M
High Forecast$67.86M$59.17M$58.22M$53.64M$49.66M$37.58M$26.65M$19.69M$14.88M$10.94M$12.51M$16.50M$14.89M$11.00M$12.64M$8.95M$1.50M
Low Forecast$46.13M$40.23M$39.58M$36.47M$33.76M$25.55M$18.12M$16.49M$11.07M$7.44M$12.51M$16.50M$11.54M$11.00M$8.59M$6.09M$1.02M
Surprise %--------------0.32%-0.43%-0.23%-25.57%

undefined analysts predict CIFR's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than Cipher Mining's previous annual EBITDA (undefined) of $NaN.

Cipher Mining Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22
# Analysts44443335732242221
Net Income-------------$-17.71M$-12.70M$-6.60M$-80.82M
Avg Forecast$-19.79M$-17.40M$-14.19M$-12.56M$23.54M$3.91M$-692.64K$-7.24M$-30.88M$-24.28M$-13.27M$311.06K$-14.13M$-15.39M$-8.65M$831.70K$-15.53M
High Forecast$-14.85M$-13.05M$-10.64M$-9.42M$29.29M$4.87M$-519.47K$-4.14M$-27.79M$-18.21M$-9.95M$321.87K$-8.07M$-11.54M$-6.49M$1.03M$-11.64M
Low Forecast$-24.63M$-21.65M$-17.66M$-15.63M$17.65M$2.93M$-861.95K$-10.34M$-33.97M$-30.21M$-16.52M$300.24K$-20.18M$-19.15M$-10.76M$623.76K$-19.32M
Surprise %-------------1.15%1.47%-7.94%5.21%

Cipher Mining's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. CIFR's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).

Cipher Mining SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22
# Analysts44443335732242221
SG&A-------------$23.90M$21.34M$17.42M$18.99M
Avg Forecast$1.13B$986.11M$970.24M$893.93M$827.62M$626.30M$444.17M$357.61M$264.68M$182.37M$247.78M$326.65M$261.70M$217.69M$210.63M$149.18M$25.02M
High Forecast$1.34B$1.17B$1.15B$1.06B$983.24M$744.07M$527.69M$389.93M$294.62M$216.66M$247.78M$326.65M$294.88M$217.70M$250.24M$177.23M$29.73M
Low Forecast$913.34M$796.46M$783.65M$722.01M$668.46M$505.86M$358.75M$326.42M$219.27M$147.29M$247.78M$326.65M$228.52M$217.69M$170.12M$120.49M$20.21M
Surprise %-------------0.11%0.10%0.12%0.76%

Cipher Mining's average Quarter SG&A projection for Dec 23 is $261.70M, based on 4 Wall Street analysts, with a range of $228.52M to $294.88M. The forecast indicates a 995.07% rise compared to CIFR last annual SG&A of $23.90M (Sep 23).

Cipher Mining EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22
# Analysts44443335732242221
EPS-------------$-0.07$-0.05$-0.03$-0.33
Avg Forecast$-0.06$-0.05$-0.04$-0.04$0.07$0.01$-0.00$-0.02$-0.09$-0.07$-0.04-$-0.04$-0.05$-0.03-$-0.05
High Forecast$-0.04$-0.04$-0.03$-0.03$0.09$0.01$-0.00$-0.01$-0.08$-0.05$-0.03-$-0.02$-0.03$-0.02-$-0.03
Low Forecast$-0.07$-0.07$-0.05$-0.05$0.05$0.01$-0.00$-0.03$-0.10$-0.09$-0.05-$-0.06$-0.06$-0.03-$-0.06
Surprise %-------------1.52%1.96%-10.60%7.07%

According to undefined Wall Street analysts, Cipher Mining's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to CIFR previous annual EPS of $NaN (undefined).

Cipher Mining Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
ARBKArgo Blockchain$0.70$2.88311.43%Hold
CLSKCleanSpark$12.36$27.00118.45%Buy
BITFBitfarms$2.07$4.26105.80%Buy
HIVEHIVE Blockchain$3.84$6.5069.27%Buy
BTBTBit Digital$4.22$6.5054.03%Buy
CIFRCipher Mining$7.23$7.584.84%Buy
IRENIris Energy$13.73$14.102.69%Buy
WULFTeraWulf$8.20$7.90-3.66%Buy
SDIGStronghold Digital Mining$5.06$4.00-20.95%Hold
HUTHut 8 Mining$29.62$17.63-40.48%Buy

CIFR Forecast FAQ

Is Cipher Mining a good buy?

Yes, according to 12 Wall Street analysts, Cipher Mining (CIFR) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 58.33% of CIFR's total ratings.

What is CIFR's price target?

Cipher Mining (CIFR) average price target is $7.58 with a range of $6 to $9, implying a 4.84% from its last price of $7.23. The data is based on 12 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Cipher Mining stock go up soon?

According to Wall Street analysts' prediction for CIFR stock, the company can go up by 4.84% (from the last price of $7.23 to the average price target of $7.58), up by 24.48% based on the highest stock price target, and down by -17.01% based on the lowest stock price target.

Can Cipher Mining stock reach $11?

CIFR's average twelve months analyst stock price target of $7.58 does not support the claim that Cipher Mining can reach $11 in the near future.

What are Cipher Mining's analysts' financial forecasts?

Cipher Mining's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $347.09M (high $406.98M, low $286.12M), average EBITDA is $113.93M (high $133.59M, low $93.92M), average net income is $19.52M (high $29.51M, low $9.38M), average SG&A $2.26B (high $2.64B, low $1.86B), and average EPS is $0.0587 (high $0.0887, low $0.0282). CIFR's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $612.57M (high $727.75M, low $494.76M), average EBITDA is $201.08M (high $238.89M, low $162.41M), average net income is $-63.948M (high $-47.96M, low $-79.579M), average SG&A $3.98B (high $4.73B, low $3.22B), and average EPS is $-0.192 (high $-0.144, low $-0.239).

Did the CIFR's actual financial results beat the analysts' financial forecasts?

Based on Cipher Mining's last annual report (Dec 2022), the company's revenue was $3.04M, which missed the average analysts forecast of $3.85M by -21.12%. Apple's EBITDA was $-104M, missing the average prediction of $1.26M by -8335.13%. The company's net income was $-39.053M, beating the average estimation of $-15.525M by 151.55%. Apple's SG&A was $70.84M, beating the average forecast of $25.02M by 183.10%. Lastly, the company's EPS was $-0.16, beating the average prediction of $-0.0467 by 242.85%. In terms of the last quarterly report (Sep 2023), Cipher Mining's revenue was $30.3M, missing the average analysts' forecast of $33.5M by -9.53%. The company's EBITDA was $-3.546M, missing the average prediction of $11M by -132.25%. Cipher Mining's net income was $-17.711M, beating the average estimation of $-15.387M by 15.10%. The company's SG&A was $23.9M, missing the average forecast of $217.69M by -89.02%. Lastly, the company's EPS was $-0.0703, beating the average prediction of $-0.0463 by 51.99%