Needham & Company LLC Issues Pessimistic Forecast for Cipher Mining (NASDAQ:CIFR) Stock Price

Cipher Mining (NASDAQ:CIFR) had its target price decreased by analysts at Needham & Company LLC to $22.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 33.50% from the company’s previous close.

Several other analysts have also weighed in on the stock. Wall Street Zen raised shares of Cipher Mining from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Rosenblatt Securities upped their price target on shares of Cipher Mining to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. BTIG Research reissued a “buy” rating and set a $25.00 price objective on shares of Cipher Mining in a report on Wednesday, November 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cipher Mining in a research note on Monday, December 29th. Finally, Citigroup started coverage on shares of Cipher Mining in a research report on Wednesday, November 19th. They set an “outperform” rating on the stock. Fourteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $24.46.

Cipher Mining Trading Down 0.8%

Shares of Cipher Mining stock opened at $16.48 on Wednesday. Cipher Mining has a 52-week low of $1.86 and a 52-week high of $25.52. The company has a debt-to-equity ratio of 3.37, a current ratio of 3.79 and a quick ratio of 2.49. The firm has a market capitalization of $6.68 billion, a PE ratio of -7.63 and a beta of 2.95. The company’s fifty day moving average price is $16.48 and its two-hundred day moving average price is $15.11.

Insiders Place Their Bets

In other Cipher Mining news, COO Patrick Arthur Kelly sold 35,569 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $15.08, for a total transaction of $536,380.52. Following the completion of the transaction, the chief operating officer owned 1,151,770 shares in the company, valued at approximately $17,368,691.60. This represents a 3.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James E. Newsome sold 21,821 shares of Cipher Mining stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $16.03, for a total transaction of $349,790.63. Following the completion of the sale, the director owned 172,492 shares in the company, valued at $2,765,046.76. This trade represents a 11.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 142,825 shares of company stock worth $2,319,720. Corporate insiders own 2.63% of the company’s stock.

Hedge Funds Weigh In On Cipher Mining

Hedge funds and other institutional investors have recently made changes to their positions in the company. Millennium Management LLC acquired a new position in shares of Cipher Mining during the 1st quarter worth about $9,316,000. Goldman Sachs Group Inc. increased its position in Cipher Mining by 52.4% during the first quarter. Goldman Sachs Group Inc. now owns 4,680,219 shares of the company’s stock worth $10,765,000 after buying an additional 1,610,073 shares during the last quarter. Teacher Retirement System of Texas raised its stake in Cipher Mining by 7.9% in the second quarter. Teacher Retirement System of Texas now owns 38,281 shares of the company’s stock valued at $183,000 after buying an additional 2,812 shares during the period. Impact Partnership Wealth LLC lifted its position in shares of Cipher Mining by 7.5% in the second quarter. Impact Partnership Wealth LLC now owns 51,128 shares of the company’s stock valued at $244,000 after buying an additional 3,573 shares during the last quarter. Finally, Harvest Portfolios Group Inc. lifted its position in shares of Cipher Mining by 141.5% in the second quarter. Harvest Portfolios Group Inc. now owns 162,426 shares of the company’s stock valued at $776,000 after buying an additional 95,170 shares during the last quarter. 12.26% of the stock is owned by institutional investors.

Key Stories Impacting Cipher Mining

Here are the key news stories impacting Cipher Mining this week:

• Positive Sentiment: Multiple bullish analyst and commentary notes highlight Cipher’s strategic pivot toward AI/HPC infrastructure and continued investor interest; these argue for a re-rating if execution continues. Cipher Digital: Pivot Proven, Re-Rating Next
• Positive Sentiment: Brokerages maintained “buy” stances despite trimming targets — HC Wainwright set a $25 target and Needham set $22 — signaling continued analyst conviction in upside from the company’s transition. Benzinga coverage of PTs
• Positive Sentiment: Investor pieces urge looking past the quarter and focusing on the AI/HPC opportunity, which supported recent intraday strength earlier in the week. Ignore Earnings, Focus On The AI Future
• Positive Sentiment: Short-term momentum had recently driven a sizeable one-day gain as investors cheered business-transition messaging, showing market appetite for the pivot when headlines are positive. InsiderMonkey jump article
• Neutral Sentiment: Third‑party analyses and Q&A summaries (press/earnings highlights) provide context on the transition but do not change the near‑term fundamentals by themselves. Yahoo Finance Q4 highlights
• Neutral Sentiment: Reported short-interest data is internally inconsistent (zeros/NaN), so it doesn’t provide a clear signal on short‑seller pressure today.
• Negative Sentiment: Zacks Research downgraded CIFR from “hold” to “strong sell,” a headline that likely amplified selling pressure among more conservative investors. Zacks downgrade TickerReport
• Negative Sentiment: Q4 results missed expectations sharply: revenue fell sequentially and GAAP net loss was large (reported ~$734M), pressuring the stock as investors digest weaker near‑term earnings and reduced mining capacity during the pivot. Zacks Q4 loss article
• Negative Sentiment: Earnings call transcript shows a large EPS miss (reported EPS -1.924 vs. -0.12 expected), which increases short‑term uncertainty around cash flow and execution. Earnings call transcript

Cipher Mining Company Profile

Cipher Mining Inc is a Nasdaq-listed bitcoin mining company that develops, owns and operates large-scale mining facilities across the United States. The company focuses on deploying advanced ASIC hardware and securing long-term low-cost power contracts to optimize bitcoin production. By strategically locating its sites in regions with abundant energy supply, Cipher Mining seeks to maintain a competitive cost structure and deliver efficient hashrate capacity growth.

Founded in 2021 and headquartered in Austin, Texas, Cipher Mining has pursued an integrated approach encompassing site development, equipment procurement and operations management.